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Old November 20th, 2008, 10:04 AM   #25
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Originally Posted by homerdog View Post
Doesn't look like propane is going to budge any from the price we paid last year either, buncha thieves.
Wholesale propane prices are down to around $0.71. Add in about $0.75 for transportation/taxes and you have a wholesale cost of about $1.45 to $1.50.

BUT, the wholesale propane companies that supply you (and me) probably bought their winter supply or at least a very large percentage of it over the past 12-16 months per their standard risk management practices and policies. That means that they probably locked in when propane prices were up close to $2.25-2.50 or more.

On October 1, wholesale propane was at about $2.19 ($1.44 +.75).
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