Propane Prices

As with all forms of domestic utility supplies, you should shop around to get a decent price for your propane gas supply. Propane prices are prone to unexpected and extreme fluctuations, so keep a regular eye on prices and don't let your supply run too low.

Not only is the price of propane influenced by factors common to all petroleum-based fuels, but its portability also gets demand from a wider range of uses than heating oil for example. Seasonal fluctuations can be sudden and extreme.

Propane Price News

"propane prices" - Google News
Europe Product Swaps-Gasoline falls with oil - Reuters UK on 14 May 2012


Reuters UK
Falling propane prices have also helped add to losses. * May naphtha swaps fell to $895 a tonne cif NWE, down from $922 a tonne cif NWE a week previously. May crack spreads fell to minus $9.70 a barrel from minus $8.30 a barrel last week.
Reuters
Propane distributors in $1.8bn combination - Financial Times on 26 April 2012


Financial Times
An unusually warm winter has caused propane prices to fall and led Suburban to look for growth through a major deal. The company expects annual synergies of $50m once integration of the two companies is complete. The national propane market is highly ...
Reuters UK
Guernsey Gas prices to rise by 5% - BBC News on 02 May 2012


BBC News
He said: "Propane prices are forecast to stay at these high levels for the foreseeable future." The company said an increase of 0.58p per unit, equivalent to 4.04p per litre and 8.06p per kg, is expected to equal a 5% rise for domestic customers.
NGL Energy plugs into oil transport with $693 million buy - Reuters on 21 May 2012


Reuters
The company's move to crude oil transportation coincides with a gradual decline in propane prices, largely due to the warmer-than-normal US winter and increasing output from the Bakken in North Dakota and the Eagle Ford shale in Texas.
Propylene-maker PetroLogistics falls in debut - Reuters on 04 May 2012


Reuters
Propane prices have risen in the last one year as production failed to keep pace with demand. The company, which counts Dow Chemical Co and units of Total and BASF Corp as its customers, could be hurt in the next few years as some of its top customers ...
Glynn County looking at propane-powered vehicles to avoid high gasoline prices - Florida Times-Union on 28 April 2012


Florida Times-Union
Propane prices are low, Strickland said, because there is an abundance of it in North America. In fact, it is a byproduct of natural gas processing and the refining of petroleum. “They say there's enough propane to last for the next 200 years,” ...
Tisbury selectmen approve propane company's application - Martha's Vineyard Times on 16 May 2012


Martha's Vineyard Times
"We've done a lot of market research out here and found that propane prices are probably higher than we've ever seen in the entire country, definitely the highest I've ever seen," he said. He told selectmen that when he discussed the prices with his ...
Propylene-maker PetroLogistics falls in debut - Reuters on 04 May 2012


Reuters
N), ExxonMobil Corp (XOM.N) and Williams Cos (WMB.N), processes natural gas byproduct propane into propylene, used in consumer products to building materials. Propane prices have risen in the last one year as production failed to keep pace with demand.
Island gas prices drop again - Journal Pioneer on 09 May 2012


Journal Pioneer
Diesel prices decreased by 3.6 cents per litre, furnace and stove oil prices will decrease by 3.9 cpl, and there will be no change in propane prices at this time. Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve ...
CBC.ca
Asia CFR propane sinks to 26-week low on demand lull, oversupply fears - Platts on 03 May 2012


Platts
Platts data showed that the last time that firstline CFR Singapore-Japan propane prices were assessed any lower was on October 20, 2011, at $768/mt, data showed. "There is very little demand ... the Japanese are still more or less holding back, ...

Propane Tanks

22 Sep 2010 | Comment
The correct storage of propane is extremely important, as it is a highly flammable, pressurised fuel routinely stored in close proximity to residences.

The size of a propane tank varies from the portable Calor Gas bottles right up to units weighing a ton or more. The range of Calor Gas includes Propane Gas, Butane Gas, Patio Gas, BBQ Gas and Forklift Gas. You will also find Campingaz bottles that are suitable for camping.

The propane tank used to supply a domestic property is usually located at ground level, and will store anything from 150 to 1000 gallons. The tank is never completely filled and the propane is always stored in liquid form, even if appliances burn it as propane gas.

The golden rule of propane tanks is that you should never attempt to repair or modify your propane gas tank unless you are properly qualified to do so. You should also ensure that the supply line (LPG yard line) to your house is properly installed by a qualified installer. The propane supply line will typically be made of copper or polyethylene.

A propane tank must be positioned with consideration to its surroundings, including buildings and other propane tanks. Tank size plays a part, but typically a ten foot rule of thumb can be used.


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