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propane prices

Post in 'It's a Gas!' started by rmac, Nov 27, 2008.

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  1. rmac

    rmac New Member

    Joined:
    Mar 14, 2008
    Messages:
    47
    Loc:
    central NJ
    Accodring to this report: http://tonto.eia.doe.gov/oog/info/twip/twip_propane.html

    In the central atlantic states:

    This week last year the wholesale price of LP was 1.70/gal and consumers were paying 2.85/gal.. (1.6 x wholesale)

    This year wholsale LP is 83 cents/gal and consumers are paying 2.89/gal... (3.5 times wholesale)..

    Am I missing something here, or does this sound like price gouging?

    BTW, I can't even get the average price, my supplier just got me for 3.52/gallon.

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  2. PaulRicklefs

    PaulRicklefs New Member

    Joined:
    Sep 24, 2008
    Messages:
    68
    Loc:
    La Ronge, SK Canada
    I know they are priced high. After conversion we are paying about $2.30/gallon or about .64c a litre. Wholesale cost is much lower of course. Price of oil dropped by 2/3 and the price of propane dropped 30 cents a gallon. Yeah math doesn't work out. I guess my company is hoping nobody notices.
  3. fueldude

    fueldude Member

    Joined:
    Jul 21, 2008
    Messages:
    32
    Loc:
    US
    It is because the companies purchased their winter supply in the late spring/ summer/early fall when oil/propane was still higher and their contracts state they must take delivery. So while wholesale prices are currently low, most companies (because who thought it would nose dive) purchased their gas at $1.50-$1.70 range and are stuck with taking delivery of that gas versus the now cheaper gas. It sucks as much for the company as it does the consumer.
  4. rmac

    rmac New Member

    Joined:
    Mar 14, 2008
    Messages:
    47
    Loc:
    central NJ
    Could be, but why isn't the same true for home heating oil, and how come I am paying 110% more for propane than someone in Nebraska? They must be stuck with summer prices as well. Imagine the uproar if gasoline or home heating oil was $1.50 in the midwest, and $3.50 in the east.
  5. TomB

    TomB Member

    Joined:
    Nov 20, 2008
    Messages:
    54
    Loc:
    Northern Illinois
    Just paid $1.99 per gallon/delivered by Rockford, IL. My office just paid $2.49gallon/delivered near Elgin, IL. Two different suppliers delivering the same week. Last year I contracted 1200 gallons for home and 800 gallons for the office. This year I am burning wood hoping to use only 600 gallons for the year. (Fingers and toes crossed as the temperature falls...) Just my 2cents.
  6. Redox

    Redox Minister of Fire

    Joined:
    Feb 23, 2008
    Messages:
    1,099
    Loc:
    Burbs of B'more, MD, Hon!
    Is it me, or are the propane companies just the most fickle and arbitrary companies out there? It's not like they are advertising their prices for comparison or anything. Someone ought'a start holding their feet to the fire!

    Chris
  7. geka

    geka Member

    Joined:
    Oct 30, 2008
    Messages:
    63
    Loc:
    New Jersey
    Just paid $1.83 per gal in the Adirondacks NY for our second home.
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