How Much Does Propane Cost Per Gallon?

What Affects the Price?

If your household is like most, you’ve noticed an increase in the price of just about everything you buy on a regular basis. From gas to groceries, much of what keeps your Connecticut home running costs more today than it did a year or two ago. That means households everywhere are paying even closer attention to how much things cost and looking to economize wherever possible. The Christmas season can be a particularly challenging time financially as families spend more on travel, gifts, and meals.

If your Connecticut home is one of the many that uses propane, then you probably already know what a versatile fuel it is. But perhaps you’re not as up to date on how much propane costs and the various factors that influence the price of propane. So let’s take a closer look at the price of propane.

The Per Gallon Price of Propane

Typically speaking, the per gallon price of propane falls in the $3.00 to $5.00 range across America. However, which region or state you live in has a great deal to do with what you can expect to pay. In Connecticut, for example, the residential per gallon price for propane has fluctuated between $3.67 and $3.76 over the past few months.

What Affects the Price of Propane?

Although the price of propane can fluctuate, you should know that propane remains one of the most cost-effective ways to heat your home and power your appliances. And propane cost price swings tend to be more moderate compared to those for heating oil, gasoline, and other fuels derived from a barrel of crude oil.

In addition to where you live, there are a number of other factors that affect the price of propane. Let’s take a closer look at some of them.

Generally speaking, here are some of the things that affect the per gallon price of propane at any given time:

• Supply and Demand: Almost every part of the economy is subject to the influence of supply and demand. Fortunately, America has a pretty consistent supply of propane. However, demand does tend to increase during the winter months. And global demand has increased of late thanks to petrochemical manufacturers.
• Geopolitical Events: When war, political strife, or conflict occur in other regions of the world, it often has an impact on crude oil and natural gas prices. Since propane is a by-product of both crude oil and natural gas, rising prices for these fuels eventually have an effect on the price of propane.
• Natural Disasters: Natural disasters here and abroad can have a similar effect on the price of propane, especially if they make the transportation of and therefore access to propane more difficult, effecting the supply that is actively available for use.
• Location: As we mentioned earlier, where you live has an effect on the price of propane. The closer you live to propane suppliers, the less you’ll pay for propane. And the less your propane costs will be affected by bottlenecks in the supply chain and an increase in transportation costs.

Value and Service

When it comes to propane delivery, Jennings Oil & Propane is committed to providing our western Connecticut customers with competitive prices and stellar service.

Contact Jennings Oil & Propane today to make us your source for propane.