Here's Why Propane Prices Could Produce Sticker Shock This Fall

AgDay TV

Propane prices are currently creating sticker shock. The Wall Street Journal reporting current future prices are roughly twice their levels during the past two summer.

The Energy Information Administration (EIA) says American households can expect to spend an average of 14%more on propane this winter than they did last year, and inflated demand means the price could go even higher if the weather is colder than forecasted.

While demand for many fuels declined last year, international demand found footing. Outbound cargoes of U.S. propane rose 13%.

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