EIA: Residential Propane Price Up 2.5cts on Week to $2.255
10/12 1:35 PM
EIA: Residential Propane Price Up 2.5cts on Week to $2.255 HOUSTON (DTN) -- The Energy Information Administration said the average residential price of propane in the United States increased 2.5cts during the week-ended Monday (10/9) to $2.255 gallon, which was 23.8cts higher than the same week a year ago. EIA data shows the retail average price of residential propane rose in every region of the U.S. during the week. Prices along the East Coast PADD 1 were up 2.3cts in the week profiled to $2.983 gallon, 18.7cts higher than at the same time in 2016. In PADD 1A New England the average price rose in every state with the price point up 2.5cts during the week to $2.878 gallon, which was 3.3cts higher than at the same time last year. Maine consumers paid $2.538 gallon, 1.4cts higher than the previous week, while in Connecticut prices increased 3.5cts to $2.862 gallon. In the PADD 1B Central Atlantic States, the average price of residential propane rose 1.4cts in the week-ended Monday to $2.946 gallon, which was 24.7cts higher than at the same time in 2016. In Pennsylvania the price point was up 3.8cts at $2.944 gallon while in New York it moved 2.1cts higher to $2.559 gallon. New Jersey's average price slid 1.7cts to $3.282 gallon. In the Lower Atlantic PADD 1C states the average retail price of residential propane advanced 4.9cts to $3.098 gallon, which was up 19.5cts from the same time a year ago. Virginia consumers saw the average price point rise 5.4cts during the week profiled to $2.872 gallon while in North Carolina the price moved 7.3cts higher to $2.760 gallon. In Midwest PADD 2, the average retail propane price rose 2.0cts to $1.705 gallon, 28.5cts higher than at the same time in 2016. Consumers in Michigan saw the retail average increase 2.0cts to $1.903 gallon, and the price point in Minnesota rose 4.5cts to $1.536 gallon. In Ohio the residential average edged 0.2cts higher to $2.332 gallon during the week. Consumers in Rocky Mountain PADD 4 saw the average price of residential propane increase 5.4cts in the week to $2.029 gallon, which was 25.8cts higher than at the same time in 2015. In Colorado the price point was up 5.9cts to $1.953 gallon while Montana consumers saw the price point rise 7.7cts at $1.705 gallon. In Gulf Coast PADD 3 the price of residential propane edged 0.1cts higher during the week to $2.219 gallon, which was up 9.2cts from the same week a year ago. Meanwhile, the U.S. average wholesale price increased 2.1cts in the week ended Monday to $1.022 gallon, 35.5cts higher than the same time in 2016. In East Coast PADD 1 states the average wholesale price was $1.081 gallon, up 2.0cts in the week and 37.1cts higher year-over-year. Midwest PADD 2 average wholesale propane prices increased 2.5cts during the week profiled to 99.5cts gallon, which was up 33.3cts increase from the same week in 2016. (c) 2017 DTN. All rights reserved.