Propane Prices Surge 12% as Record Exports Drain Domestic Supply
Propane Insider
Mont Belvieu spot prices jumped 12% to $0.89/gal this week. Record 1.8 million barrels per day (bbl/day) of LPG exports to Asia are draining domestic supply. Retailers on spot are feeling immediate pain, and fall fill programs priced just two weeks ago are already underwater.
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