Demand Up, Supplies Short, Causing Spike in Propane Prices
VALLEY FORGE, Pa. (CBS) — There’s a nationwide propane shortage, with the extreme cold across much of the nation causing propane heating costs in select areas to rise.
Industry professionals say the propane supply is low mainly because of the weather: a wet autumn had farmers in the midwest drying corn crops with propane, and the harsh winter has had customers with propane heat cranking up their thermostats.
There are other factors, such as exports and pipelines that have been down for maintenance, which has added to higher costs is the midwest and northeastern parts of the country.
Simon Bowman is a spokesman for Amerigas Propane (with corporate offices in Valley Forge), the largest propane retail distributor in the United States.
“It’s important to remember that wholesale prices — the price we buy propane at — is up 60 percent plus from a year ago, and that’s due to numerous reasons, both supply and demand,”
AmeriGas to Webcast Analyst Day Presentation on November 6, 2014
- VALLEY FORGE, Pa.--(BUSINESS WIRE)--The Board of Directors of AmeriGas Propane, Inc., the general partner of AmeriGas Partners, L.P. (NYSE: APU), has declared a quarterly partnership distribution of $0.88 per limited partnership unit, payable
- VALLEY FORGE, Pa., Oct 22, 2014 (BUSINESS WIRE) -- AmeriGas Partners, L.P. APU, +0.18% announced today that it will webcast its investor presentation as part of UGI Corporation's 2014 Analyst Day from New York City on Thursday, November 6, 2014.
- VALLEY FORGE, Pa., Oct 22, 2014 (BUSINESS WIRE) -- UGI Corporation UGI, +0.75% announced today that it will be hosting its 2014 Analyst Day in New York City on November 6, 2014. The event will take place from 8:30 a.m. to 12:30 p.m. Eastern Time