Slide 16 of 19
- Residential propane prices rose fairly strongly during the 1999-2000 heating season, gaining nearly 25 cents per gallon between October and March.
- Unfortunately, increases have been even stronger this year. EIA’s winter residential propane price survey shows that prices started out this season higher than they ended last spring, and have risen sharply from there. Average prices in the East and Midwest have risen more than 40 cents since the season began in October.
- As seen in the previous chart, recent moderating of natural gas prices has helped bring spot propane prices down somewhat from their peaks in early January. If this trend continues, residential prices should flatten out or begin to decline.