The propane market is poised for significant changes as we look toward the next decade. Let’s explore critical trends and predictions that could shape the propane industry in the coming years, as well as added insights for businesses, consumers, and investors. 1. Growing Demand in Emerging Markets Prediction: Developing countries are expected to see a… Continue reading The Future of Propane: A Ten-Year Outlook
As the autumn season is in full swing, the United States finds itself grappling with a unique energy situation. Propane inventories have surged to a record seasonal level, driven by a remarkable upswing in gas field production and exports. This unexpected abundance of propane has had far-reaching effects on domestic and international markets, as well… Continue reading Propane Surplus: A Paradigm Shift in U.S. Energy Markets
A surge in propane production and exports leads to an abundant supply and falling prices. Propane inventories in the United States hit a record seasonal high at the beginning of October 2023. This surge is attributed to the rapid growth in light petroleum liquids reclaimed from the booming natural gas field production, outpacing the robust… Continue reading U.S. Propane Inventories Reach Record High in October 2023
With around 5% of U.S. households relying on propane for heating alone and countless businesses following suit, it becomes imperative to decipher the intricate dance of propane prices. Unlike electricity, which flows uninterrupted, propane is a commodity that requires periodic replenishment, making it essential for consumers to grasp the factors behind its price fluctuations. Let’s… Continue reading Navigating the Ebb and Flow of Propane Price Fluctuations
With propane prices currently lower than the previous year and supplies well above the five-year average, Iowa’s Secretary of Agriculture, Mike Naig, urges propane consumers to prepare for the upcoming colder months and winter conditions. “Even though we’ve been experiencing more summer-like weather lately, we must remember that colder temperatures are coming. Now is an… Continue reading Prepare for Winter: Iowa Propane Consumers Benefit from Lower Prices and Abundant Supply
As harvest season swings into full gear and grains are rapidly gathered from the fields, farmers are gearing up to fire their dryers and transport their crops to market. Fortunately, the propane outlook for fueling these dryers is notably more favorable than the previous year. The Propane Education and Research Council (PERC) reports a significant… Continue reading Promising Outlook: Propane Stocks High and Prices Favorable for Farmers
The propane market has experienced notable fluctuations recently, with prices reminiscent of the lows observed in November 2020 during the height of the COVID-19 pandemic. As the summer solstice marks a turning point, it is helpful to examine the factors that influence propane prices moving forward. While no single factor can entirely predict price direction,… Continue reading Analysis: Propane Market Trends and Pricing Outlook for Summer 2023
Many professionals in the propane industry have characterized the recently ended 2022–2023 winter heating season in the United States as mild. The U.S. Energy Information Administration (EIA) has provided data supporting this assertion. The EIA estimates that U.S. propane consumption during the winter season averaged 0.986 million barrels per day (bpd), the lowest winter heating… Continue reading Mild Winter Leads to Lowest U.S. Propane Consumption on Record
