Propane Prices

[dpg]

What have you Propane users found to be the going price currently? We can lock in at our association for $2.67 is that reasonable?

[hazmatmedic]

That was a reasonable price back in June. You can lock in for 10 to 20 cents less now. Locking in may not be the best thing. The prices have been falling because they (prices) have caused a global destruction in usage. Prices have been rising for 6 years. Like everything, commodities are cyclical. Heating Oil is already $1 cheaper than the fixed pricing in June. There is a downward pressure on oil right now because of global economic slowdown. The world cannot sustain $150 per barrel. It will settle between $70 to $85 per barrel. For the last 12 months, the slightest concern for oil supply caused a run-up of prices. The opposite is true now.
But that's my opinion.

[dpg]

That was a reasonable price back in June. You can lock in for 10 to 20 cents less now. Locking in may not be the best thing. The prices have been falling because they (prices) have caused a global destruction in usage. Prices have been rising for 6 years. Like everything, commodities are cyclical. Heating Oil is already $1 cheaper than the fixed pricing in June. There is a downward pressure on oil right now because of global economic slowdown. The world cannot sustain $150 per barrel. It will settle between $70 to $85 per barrel. For the last 12 months, the slightest concern for oil supply caused a run-up of prices. The opposite is true now.
But that's my opinion.


Thanks Hazmatmedic I'm not going to worry about .10 or so right now. Like you say it's sure to change up and down. Chances are it's going up in the cold weather sounds like we're reasonable anyways. ;)

[RamJet]

Irving quoted me a pre buy price today of $3.50, the street price is $3.20 for 150 gallon/year use.

The quoted price is before any "employee discounts" that you may be able to get. I was able to get a. $10/gallon discount.

[Lakegeezer]

Just got propane from Eastern under the Our Town pricing. $2.815 before the 10 cent discount for paying within 10 days. So, $2.67 is very reasonable!