OT Propane

Caryc · Dec 26, 2014

They came out to my home and filled my propane tank last week. It took 90 gallons.

I was shocked when I got the bill today $435.23.

It was $4.559 per gallon. Gasoline is down to $2.63 a gallon.

So, why is propane $4.559 per gallon? If I remember right that's about the same price I paid last year.

What do you guys pay for home propane?

hd6gtom · Dec 26, 2014

I paid 1.69 today in central Iowa, 300 gallons $507.00 total. I don't shop around been getting propane from the same supplier since 1973.

showcrop · Dec 26, 2014

Wow! You are the first that I have ever heard of paying more than me here in NH. I signed up last summer for guaranteed price at around $3.50.

Tall T · Dec 26, 2014

You might find out that they have slapped a huge "greenhouse gas" tax on your bill, because propane puts out water vapor and supposedly toxic, Carbon Dioxide!

The powers that be have even gotten the EPA to declare beautiful and totally harmless plant food, CO2, a "toxic waste".

Up here they are relentlessly tightening the noose on heating with wood based on the same spurious grounds.

howdy1960 · Dec 26, 2014

Just did a search for local propane prices. Of the 5 responding, our supplier is 2nd highest at 2.399. Lowest is 2.199, highest is 2.499. CNY area

John,PA · Dec 26, 2014

Usually Propane is NOT "STATE REGULATED", sort like Oil heat, here in PA.
Electric heat is regulated by the PA dept. of "energy". State reglated for electricity.

Therfore, we are at the "mercy" for gas and oil.

So, I only use propane for my cook stove.To refill a 20# tank is only $15.00, once a month.

My oil heat provider just call me and begged me to refill my oil tank for just $2.30 per gal.
Trouble is....I only used 50 gal so far this seaso. They charge $50.00 delivey charge for less than 100 gal. Therefore, I must wait until I can hold 100 plus to make the purchase "cost efficive."

Bottom Line: Propane for central heating can be expensive, right now.

Richard G. · Dec 26, 2014

2.19 here in NW SC.
Richard

Royse · Dec 26, 2014

$1.64(.9)/gallon pre-purchased last year.
This year I think it was up to $1.89
Still not cheap. I burn about 2500 gallons
per year between the house and shop.

ScoutB · Dec 26, 2014

$2.19 here for a call in, $1.89 for prebuy.

FLAcharlie · Dec 26, 2014

you shoulda asked beforehand.

To be fair, nat gas prices have been EXTREMELY volatile. If your company hedged wrong, then they have to charge that price. But mostly nat gas prices are crashing now.

TheOldHokie · Dec 26, 2014

(quoted from post at 19:43:24 12/26/14) They came out to my home and filled my propane tank last week. It took 90 gallons.

I was shocked when I got the bill today $435.23.

It was $4.559 per gallon. Gasoline is down to $2.63 a gallon.

So, why is propane $4.559 per gallon? If I remember right that's about the same price I paid last year.

What do you guys pay for home propane?

East coast (PADD1) wholesale price is currently running $.62 to $.83 and has been under $1.10 since October. I paid $2.19 for a residential fill (7 weeks ago) and I expect the upcoming one to be even lower. Your price is totally out of line with the wholesale cost anywhere in the US. Did you sign up for a pre-buy fixed price contract earlier in teh year when the price was skyrocketing? My supplier's early spring fixed price residential contract offer was in the neighborhood of $3.75. For his non-contract customers he buys at current rack price and sells it priced accordingly. I prefer to take my chances on the rack price - sometimes I lose but this time I am winning big,

TOH

Hobo,NC · Dec 26, 2014

First fill 9/2014 $195.9 a gal.
second fill 12/23/2014 $175.9 $a gal.

I was shocked it came down...

Last year my heat bill doubled I thought it was because it was so cold. This year I noticed it took a long time for my unit to blow hot air. I took the panel off and about haft of the burners were lit for the first 5 min are so then thay would slowly come around. I blew out the burners and its like magic they fire rite up... I could not believe the rust build up in the burner now I am a believer in servicing the unit...

:wink:

SteveRussell · Dec 26, 2014

IN Leon County, Texas just before Thanksgiving, I
paid $2.19 per gal , for the min order of 100 gals.

steve19438 · Dec 26, 2014

electric heat was de-regulated in PA last year.(2013) out electric co. (PeCO) now raises rates in dec jan feb and jun jul and aug. our eleC bill went from $140 and change for nov to $414 and change for dec.

total stinking rip off.

KCTractors · Dec 26, 2014

In Central Wisconsin $1.09 gal today.

Royse · Dec 26, 2014

(quoted from post at 22:45:55 12/26/14)

(quoted from post at 19:43:24 12/26/14) They came out to my home and filled my propane tank last week. It took 90 gallons.

I was shocked when I got the bill today $435.23.

It was $4.559 per gallon. Gasoline is down to $2.63 a gallon.

So, why is propane $4.559 per gallon? If I remember right that's about the same price I paid last year.

What do you guys pay for home propane?

Click to expand...

East coast (PADD1) wholesale price is currently running $.62 to $.83 and has been under $1.10 since October. I paid $2.19 for a residential fill (7 weeks ago) and I expect the upcoming one to be even lower. Your price is totally out of line with the wholesale cost anywhere in the US. Did you sign up for a pre-buy fixed price contract earlier in teh year when the price was skyrocketing? My supplier's early spring fixed price residential contract offer was in the neighborhood of $3.75. For his non-contract customers he buys at current rack price and sells it priced accordingly. I prefer to take my chances on the rack price - sometimes I lose but this time I am winning big,

TOH

That's interesting too TOH. Here if you sign up for the budget
plan, meaning you pay XX every month all year, your price is
a maximum of the contract price, lower if market is lower.
I've never had that deal work out to be less than pre-buy.
Pre-buy is supposed to go down when/if market goes below the
price I signed up for as well, but I have never seen them lower
my per gallon rate!

John,PA · Dec 27, 2014

Thanks. I did not know about the de-regulation.

However, I continually receive calls from NEW "fledgeling" energy companies and how they can save me a lotta of money on energy bills.

I keep with MET ED, the local "maker" of electricity, here.

The new companies will only save me about $.03 per month. BE CAREFUL.....the contract with most of these is "open ended". This means they can up their rates any time after the original contract expires.

So far, Met ED has been the least costly.

In fact, about 6 months ago, lots of people had heating bills (electric) that were outta sight.
They were encouraged to contact the PA PUC. Seems like the PUC forced these new companies to accept SMALL monthly payments towards their bill.

HTH John,PA

steve19438 · Dec 27, 2014

we get them calls too.
if I had the "right" area in the house I might get a pellet stove.

steve19438 · Dec 27, 2014

in oct. of this year paid $3.099 per gal in upstate pa.

Mr. T. Minnesota · Dec 27, 2014

C,
Have you called them yet?? Sounds like they are using the 2013 price schedule. You should print the responses on the forum to support your case!! Thank heavens at 66 I can still burn wood. Natural gas is a backup.HTH
Mr. T. Minnesota

Ed Douglas · Dec 27, 2014

Yeah really.......funny how that works eh friend??

TheOldHokie · Dec 27, 2014

(quoted from post at 23:21:20 12/26/14)

(quoted from post at 22:45:55 12/26/14)

(quoted from post at 19:43:24 12/26/14) They came out to my home and filled my propane tank last week. It took 90 gallons.

I was shocked when I got the bill today $435.23.

It was $4.559 per gallon. Gasoline is down to $2.63 a gallon.

So, why is propane $4.559 per gallon? If I remember right that's about the same price I paid last year.

What do you guys pay for home propane?

Click to expand...

East coast (PADD1) wholesale price is currently running $.62 to $.83 and has been under $1.10 since October. I paid $2.19 for a residential fill (7 weeks ago) and I expect the upcoming one to be even lower. Your price is totally out of line with the wholesale cost anywhere in the US. Did you sign up for a pre-buy fixed price contract earlier in teh year when the price was skyrocketing? My supplier's early spring fixed price residential contract offer was in the neighborhood of $3.75. For his non-contract customers he buys at current rack price and sells it priced accordingly. I prefer to take my chances on the rack price - sometimes I lose but this time I am winning big,

TOH

Click to expand...

That's interesting too TOH. Here if you sign up for the budget
plan, meaning you pay XX every month all year, your price is
a maximum of the contract price, lower if market is lower.
I've never had that deal work out to be less than pre-buy.
Pre-buy is supposed to go down when/if market goes below the
price I signed up for as well, but I have never seen them lower
my per gallon rate!

I am not in the business but AFAIK most "budget plans" are just a propane futures contract. You contract for future delivery of a specific quantity of LPG at a fixed price - no higher, no lower. When actual delivery time rolls around if the spot market price goes up you win. If it goes down you lose. It is ordinary commodity market trading at the residential level. How the propane supplier handles his supply side end is another matter.

I believe my supplier is like most and buys his supply of contracted LPG on that same basis- current futures price + a markup. It is a great deal for him - your contract is guaranteed profit insurance for his futures contract. :roll: If the spot price drops he can't pass that on to you because he is already contracted for his supply at the higher price.

If he is feeling lucky or just simply greedy he can stick to spot pricing for his contracted gas supply and possibly win big if the market drops. But he can also lose big on that deal if the market spikes so he has to price in some "risk insurance" in the form of a higher than current market unit cost to his customers. And it would be a really philanthropic supplier who took on all the price volatility risk but passed a portion of his winnings on to his contract customers....

TOH

oldtanker · Dec 27, 2014

I paid a buck 84 here the first of Dec.

Rick

Caryc · Dec 27, 2014

I imagine you guys that live in the cold snowy states would really be crying if you had to pay $4.56 a gallon.

I guess I'm lucky I'm in a climate where I don't have to use that much heat.

But what really hurts is that the way gasoline and oil has been dropping, I expected a much lower bill this time.

John,PA · Dec 27, 2014

Back-up source of heat is always a good idea. You can always get some wood.

That is why I have a propane cook stove. And a 30,000 btu propane wall-type heater (portable) that needs no outside vent. I use the heater mostly in my shop.

Us older farm fellas do not trust "all of the eggs in one basket".

We still get electrical power outages, here.

ScoutB · Dec 27, 2014

(quoted from post at 20:18:24 12/27/14) Back-up source of heat is always a good idea. You can always get some wood.

That is why I have a propane cook stove. And a 30,000 btu propane wall-type heater (portable) that needs no outside vent. I use the heater mostly in my shop.

Us older farm fellas do not trust "all of the eggs in one basket".

We still get electrical power outages, here.

I like the way you think. I'm redoing the basement in my cottage and in addition to the forced air propane furnace I installed a propane fireplace that will operate without electricity and electric baseboard heaters. I'm covered in a power outage or lack of propane. If both go out I've got a kerosene heater and 10 gallons of kerosene.

Caryc · Dec 27, 2014

(quoted from post at 18:33:29 12/27/14)

(quoted from post at 20:18:24 12/27/14) Back-up source of heat is always a good idea. You can always get some wood.

That is why I have a propane cook stove. And a 30,000 btu propane wall-type heater (portable) that needs no outside vent. I use the heater mostly in my shop.

Us older farm fellas do not trust "all of the eggs in one basket".

We still get electrical power outages, here.

Click to expand...

I like the way you think. I'm redoing the basement in my cottage and in addition to the forced air propane furnace I installed a propane fireplace that will operate without electricity and electric baseboard heaters. I'm covered in a power outage or lack of propane. If both go out I've got a kerosene heater and 10 gallons of kerosene.

By "propane fireplace" I'm thinking that you don't mean just a set of gas logs. You must have something to push the heat out to the room instead of just up the chimney.

NoNewParts · Dec 28, 2014

depending on where you live, just the way it is.
I enjoy reading these posts from other parts of the country.
Here in NY, gasoline, diesel, kerosene, fuel oil, propane, whatever...still high..probably always will be.

gets pretty cold here....captive market...so all heat sources
have pretty much been brought to the same price level...high.

Like the other guys, I've put pretty much all of them in my house, and use whichever is cheaper at the moment.
Electric, end of last winter when propane went to $6 plus.
My propane contract is for $2.99 this winter. spot price last time I checked was $3.49 I think.
too much
I have the room I'm in right now blocked off and an electric heater 3' from my elbow. Warm enough, rest of the house is in the high 40's with the fuel oil furnace set at 45 for freeze safety.

gets colder? coat and hat works, nothing on the label that says outside use only.

ps, the pretty woman over on the couch under the big blanket watching TV, is a GREAT source of warmth.....

John,PA · Dec 28, 2014

thanks. tROUBLE IS....i NEVER GET paid FOR THINK'n.

John,PA

John,PA · Dec 28, 2014

LUCKY. Nothing like an "inhouse" natural source of heat. Keep treating HER real GOOD and WELL FED.

John,PA

ScoutB · Dec 28, 2014

(quoted from post at 01:36:24 12/28/14)

(quoted from post at 18:33:29 12/27/14)

(quoted from post at 20:18:24 12/27/14) Back-up source of heat is always a good idea. You can always get some wood.

That is why I have a propane cook stove. And a 30,000 btu propane wall-type heater (portable) that needs no outside vent. I use the heater mostly in my shop.

Us older farm fellas do not trust "all of the eggs in one basket".

We still get electrical power outages, here.

Click to expand...

I like the way you think. I'm redoing the basement in my cottage and in addition to the forced air propane furnace I installed a propane fireplace that will operate without electricity and electric baseboard heaters. I'm covered in a power outage or lack of propane. If both go out I've got a kerosene heater and 10 gallons of kerosene.

Click to expand...

By "propane fireplace" I'm thinking that you don't mean just a set of gas logs. You must have something to push the heat out to the room instead of just up the chimney.

Yep, gas logs. There is a blower to push the heat out but it does OK without the blower too when the power is out. Enough to keep the pipes from freezing anyway.

jon · Dec 28, 2014

There is a blower to push the heat out but it does OK without the blower too when the power is out. Enough to keep the pipes from freezing anyway.

That's what we got. I figure it's a good back up source but they're no bargain if you used them everyday!

Dean Olson · Jan 1, 2015

Just pd 2.76 for residential delivered. Propane
Pd 2.69 for diesel
& 1.99 for gas.
I'm in Houston TX

OT Propane

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