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RSS feed source: US Energy Information Administration

In-brief analysis

January 28, 2025

Data source: U.S. Energy Information Administration, State Heating Oil and Propane Program; Bloomberg, L.P.
Note: Wholesale prices are U.S. benchmark spot prices from Mont Belvieu, Texas.

U.S. wholesale and retail propane prices have been higher so far this winter heating season (October–March) than during the same period a year ago, largely because of colder weather in January and higher exports, according to data from our State Heating Oil and Propane Program. Prices have been higher despite relatively strong propane inventories heading into this winter heating season.

U.S. wholesale propane prices
Wholesale propane spot prices at the U.S. benchmark at Mont Belvieu, Texas, have averaged $0.81 per gallon (gal) so far during the winter heating season (Oct 2024–Jan 2025), or $0.13/gal higher than year-ago prices. For the week ending January 20,

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