The U.S. Energy Administration published this week the future forecasts of Propane production and Propane prices. We all know that supply and demand dictates pricing in any industry. It appears prices are inching up by the charts below.
I have seen in the last few days on social media some, it appears, false reports that there is going to be a major propane shortage this winter, as high as 27%, and folks are urged to stock-up or set-up automatic deliveries of propane. Yes it appears by the charts that the inventories could be a little higher and hopefully after production gets back to pre-hurricane levels, all will be good. This panicked shortage will cause prices to increase even more. By the charts below, it appears that production is where it needs to be.
Here is what the U.S. Energy Administration reports. Release date: December 6, 2017