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Posted October 2, 2014Today in Energy

Propane use for crop drying depends on weather and corn markets as well as crop size ›

The U.S. Department of Agriculture expects this fall's corn harvest to be slightly larger than last fall's record harvest. Depending on the timing and moisture content of the crop, the harvest could have effects on the propane market, as propane is among the fuels used for crop-drying. Propane consumption in corn-producing states typically rises in September and October with the corn harvest, followed by a larger rise related to space-heating needs in January. More


Source: EIA, Petroleum Marketing Monthly

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WTI crude oil futures price

9/30/2014: $91.16/bbl

down$0.40 from week earlier
down$11.17 from year earlier

Natural gas futures price

9/30/2014: $4.121/mmBtu

up$0.305 from week earlier
up$0.561 from year earlier

Retail gasoline price

9/29/2014: $3.354/gal

up$0.001 from week earlier
down$0.071 from year earlier

Crude oil inventories

9/26/2014: 356.6 mmbbl

down1.4 mmbbl from week earlier
down7.1 mmbbl from year earlier

Weekly coal production

9/20/2014: 18.833 million tons

down0.343 million tons from week earlier
up0.043 million tons from year earlier

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