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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 Partners, LP to Hold 3QFY14 Earnings Conference Call and Webcast ...

  1. UGI Corp., the Valley Forge energy company, said it has reached an agreement in principle to buy French oil giant Total SA's propane-distribution business in France for $545 million to $613 million. Totalgaz distributed more than 265 million retail
  2. VALLEY FORGE, Pa.--(BUSINESS WIRE)-- AmeriGas Partners, L.P. (NYSE:APU) announced today that it intends to release its third quarter earnings after the market close on July 29. The company will hold a live internet audio webcast of its conference call
  3. He does most of his work rotating between his forges — one coal-fired, one propane-fueled — and his 850-pound “Italian pattern” anvil, which are only a few feet apart, allowing him to work more efficiently. Across from his anvil is a worktable

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