Contract price for LP - $1.49 per gallon - Is this a good price?

thz123 Posted By thz123, Aug 12, 2010 at 4:58 PM

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  1. thz123

    thz123
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    Jan 8, 2009
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    I live in Iowa, and just received my LP contract. The price per gallon is $1.49. What are you seeing for a contract price? Is this a good price for 2010-2011 season?
     
  2. Fsappo

    Fsappo
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    Apr 9, 2008
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  3. oldspark

    oldspark
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    I live in IA and just guessing but I dont think it will get much cheaper than that.
     
  4. Shipper50

    Shipper50
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    Nov 10, 2007
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    My girlfriend filled her tank up with a special price of $1.79 from the company she uses. That price was only good till the end of July. Now its $2.01 and she paid as high as $2.60 last winter. I would jump on $1.49 and get all I could if I didn't burn wood and used LP.

    Shipper
     
  5. rdust

    rdust
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    Feb 9, 2009
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    1.49 sounds pretty darn good! We got our pre-buy notice in the mail this week and this years price is 1.76.
     
  6. woodsman23

    woodsman23
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    Aug 26, 2008
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    I just paid 2.39 a gallon but we only use 45 gallons every4-5 months....
     
  7. Uper

    Uper
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    Feb 5, 2010
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    Up here we were offered $1.99/gal as a prebuy price. That price is good thru June 2011, but we would have to put the money into their account now. If the market price falls below that, they give us the lower price until the price rises or our account runs out. I would jump on $1.49/ gallon if I needed propane right now.
     
  8. begreen

    begreen
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    Nov 18, 2005
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    I think you have to compare to local pricing. Regional propane prices vary pretty dramatically. In our area, propane is much higher.
     
  9. Fsappo

    Fsappo
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    Apr 9, 2008
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    We are offering $1.89 per gallon to our propane heating customers here in CNY.
     
  10. polaris

    polaris
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    Jan 31, 2008
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    I locked in for $1.39 but they charged me $40.00 for the privilege of doing so.
    Joe
     
  11. summit

    summit
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    Aug 22, 2008
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    Hell yes!
     
  12. thz123

    thz123
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    Jan 8, 2009
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    Thanks for all the input! I contracted 700 gallons at the $1.49 price. 700 gallons is what I use for an entire year, since i also burn pellets in my basement. I will use a ton and a half of pellets. I bought the pellets at $4.00 a bag, waiting for them to arrive yet. A friend who lives 20 minutes away from me in Wisconsin was quoted a price of greater than $2.00 a gallon, he didn't remember the exact amount.
     
  13. lukem

    lukem
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    Jan 12, 2010
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    Propane delivered to my house this morning in Central IN for 1.89/gallon.
     
  14. madison

    madison
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    Sep 12, 2008
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    3 - 4 TIMES that much in our area, for a couple hundred pounds/yr. Lock in the price, as it may be a teaser price.
     
  15. PastTense

    PastTense
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    Sep 18, 2010
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    Iowa
    I am in Iowa and I contracted for $1.60.
     
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