Propane Prices

[masscity]

I just ordered some Monday for .79.

 

[SSdoxie]

Had LP delivered yesterday at $1.02 / gallon (leased tank, cash payment). That's 17 cents less per gal than they were offering last August for winter pre-pay contracts.

That is opposite of what I had so far this winter. Summer fill is Sept was $.89 and fill end of Dec was $1. 35.

 

[kcflhrc]

I had a delivery a week ago in Eastern Kansas, leased tank. $1.24 a gallon or $1.14 if paid within 7 days.

 

[Country Geek]

I had a delivery a couple of weeks ago, $1.69/gallon. I used to heat with propane but put in a geothermal system in the fall of 2014. The propane company still makes deliveries as if I were still heating with it, except now it's about 60 gallons per delivery instead of 300. I figure eventually they'll raise my rates for not using enough, but they haven't yet.

 

[Country Geek]

Boy, those propane companies are making a TON of money this winter.. Propane spot price is about 33 cents per gallon. Sure there is processing, and storage, and delivery.. BUT $1.00 a gallon would be a killing. This is not like a couple of years ago when the spot price was over $1.50 per gallon Sooo. the spot price is 1/5 of what it was.

You can see that illustrated here:

https://www.eia.gov/petroleum/heatingoilpropane/

 

[5030]

I guess my supplier isn't a gouger....lol

But then my supplier is also a hunting friend so if he did gouge me and we were in the woods hunting.... well, I'll let you all read between the lines....

Anyway, after reading this thread and looking at your prices, I looked back at my last fill bill and it was 89 cents a gallon in the fall. I need another fill now and swung by the office up town. It's up to a big 99 cents a gallon. Went up 10 cents.

I own three 500 gallon bottles. I run on one and keep 2 valved off just in case. My 'needs a fill' bottle is sitting at 22%.

Propane would have to be $1.45 / gallon to break with my pellet / corn stove that has sat all winter, unused.

I know what it cost for residential propane and what they pay and the profit margin after expenses like the plant, bulk storage tanks, propane trucks, personnel, upkeep on equipment and insurance (and thats a big hit in the propane retail business, plus workers compensation, unemployment insurance and general taxes, isn't all that much, maybe 10 cents a gallon delivered.

They ain't getting rich by any means.

You have to look at the entire picture, not just the spot price compared to the retail price. That is a false comparison.

 

[5030]

I just ordered some Monday for .79.

It's cheaper here than in most areas because Miichigan (and Sarnia, Ontario) have the largest underground storage facilities in the country.

My gas comes from Sarnia btw.

 

[5030]

I would almost be willing to bet good money that people on gvmt assistance will get billed at the higher rate and it will get paid for with our tax dollar. Ken Sweet

Ken:

I don't believe that propane comes under low income heating assistance, least not around here because it's all supplied by independent businesses.

I don't see my hunt bud playing that crap.

 

[5030]

Well, The Suburban delivery man let me with a bill for $4.40 per gallon last week when he topped of my 2 tanks. I called today and told the customer service lady the price seemed way out of reason as I only paid $1.89 back during the summer fill up program. They are suppose to adjust it down to $1.79 and re-bill me. Something screwy going on somewhere? Ken Sweet

I would have told them to come pull it out. Thats easy to do, you can reverse pump a tank just like pumping it in. You need a new supplier.

 

[sweettractors]

Ken:

I don't believe that propane comes under low income heating assistance, least not around here because it's all supplied by independent businesses.

I don't see my hunt bud playing that crap.

Yea, They have they gmt programs for propane here. Ken Sweet