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Engineering360: "As Heating Oil Prices Increase, Has Propane Become the Better Value?"

12/04/2018 12:00 AM

Read Engineering360 article: As Heating Oil Prices Increase, Has Propane Become the Better Value?.

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Guru
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#1

Re: As Heating Oil Prices Increase, Has Propane Become the Better Value?

12/04/2018 10:04 AM

I'd LOVE to find propane at those prices. Here in the mid-Atlantic, propane has been well over $3/gallon. Probably has to do with distribution costs since propane is not a high-volume commodity around here.

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#2
In reply to #1

Re: As Heating Oil Prices Increase, Has Propane Become the Better Value?

12/04/2018 1:17 PM

The EIA breaks these data down into smaller regional chunks if you want to take a look: https://www.eia.gov/dnav/pet/pet_pri_wfr_dcus_nus_m.htm

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#4
In reply to #2

Re: As Heating Oil Prices Increase, Has Propane Become the Better Value?

12/04/2018 5:12 PM

Thanks! Yep, the mid-Atlantic was $3.23 in November. Much better price in the mid-West. Less than $2 per gallon Residential.

Did you notice that the wholesale cost was $0.997 in the mid-Atlantic and the delivered price is 3X that????? BOHICA comes to mind. That kind of gouging is a mighty strong discentive.

I know of someone who uses a lot of propane for his glass blowing studio. He has a 30,000 gallon tank buried in his field and gets his for less than a dollar a gallon, 'off-season' delivered by a semi-tanker.

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#3

Re: As Heating Oil Prices Increase, Has Propane Become the Better Value?

12/04/2018 3:30 PM

As a Co-op member with a customer-owned tank, the spot price is at $1.52 in Upstate NY, down 6 cents from last week.

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