Propane exports reach record high
April 24, 2023 By Mark Rachal
In this week’s Trader’s Corner, Mark Rachal, director of research and publications with Cost Management Solutions, analyzes propane exports.
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In this week’s Trader’s Corner, Mark Rachal, director of research and publications with Cost Management Solutions, analyzes propane exports.
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U.S. production of propane from October 2022 through March 2023 reached record highs, according to U.S. Energy Information Administration weekly data.
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Cost Management Solutions’ Mark Rachal evaluates how releases from the U.S. Strategic Petroleum Reserve will impact prices.
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Because propane is a byproduct, its price is heavily influenced by what is going on with other commodities, namely crude and NGLs.
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Mark Rachal, director of research and publications for Cost Management Solutions, analyzes the latest inventory draws and the reflected propane prices.
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Mark Rachal, director of research and publications with Cost Management Solutions, continues to examine propane’s monthly average prices.
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Mark Rachal, director of research and publications for Cost Management Solutions, analyzes propane’s monthly average prices.
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The residential price of propane was slightly above the previous five-year average to start the winter heating season, but its price has remained flat since.
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Each month, LP Gas provides updates on the U.S. propane market. The data for February 2023 focuses on propane prices and rail shipments in the Midwest.
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Propane prices during the first month of the current winter heating season were essentially unchanged compared with prices at the same time last winter.
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