Propane prices?

HellRaZoR004 · 01-20-2014, 09:51 PM

Quote:

Originally Posted by sum-r breeze

So fellow forum members....I had a little error in looking at the bill from Dead River.

I just checked it again. My price was $3.299 a gallon for the 87.8 gallons I used last month. Quite a difference from what I thought it was. There again, I know we don't use that much so the price reflects that situation.

The Breeze
Wave 'cuz I'll be wavin' (an empty check book) back

Makes more sense. I use about the same amount as you. I also called regarding the 10% increase from the previous month and was actually warned it was going to continue increasing due to shortages in the area. Hopefully things have calmed down some with the mild temps the past week.

Pineedles · 02-03-2014, 03:14 PM

We just got another fill-up here in CT. $3.91 per gal. That's up 63% since December 1st!! I know it's still lower than some of the prices in this thread but 63%, come-on.

I might go back to electric heat, it's probably cheaper now, even if it's $0.21 per kw. Any math genius' out there that could tell me if it is?

Rusty · 02-03-2014, 06:45 PM

Quote:

Originally Posted by Pineedles

We just got another fill-up here in CT. $3.91 per gal. That's up 63% since December 1st!! I know it's still lower than some of the prices in this thread but 63%, come-on.

I might go back to electric heat, it's probably cheaper now, even if it's $0.21 per kw. Any math genius' out there that could tell me if it is?

The below is a formula that will get you somewhere near the difference. It doesn't take into consideration the efficiency factors:

1 Gallon of Propane = 27 kwh of electricity

$0.21 per kwh x 27 kwh = $5.67 for electricity

Therefore electricity at $0.21 per kwh is more expensive then propane at $3.91 per gal

ITD · 02-04-2014, 11:59 PM

A heat pump may make sense for you, but the big question is how long will the price of propane stay elevated. Right now there is a supply issue due to the uncharacteristically cold temperatures throughout the country driving up demand to unheard of levels. I think next year there may be more supply available to match demand keeping the price more reasonable.

That being said, for a heat pump, you get about 3 times more heat out for the electricity put in than resistance heating. It's not that cut and dry, but probably good for initial comparisons. Heat pumps become less efficient as the temperature gets colder. Geothermal will give better results if designed properly, but costs much more.

HellRaZoR004 · 02-05-2014, 12:51 AM

My propane bill went up 60 cents per/gal from last month!!!

tis · 02-05-2014, 08:33 AM

My cousin who is in the oil/gas business told us at Christmas that gas prices were going to go up.

Steveo · 02-06-2014, 02:43 PM

This is the reason I always do the pre-buy option. Bought in August for $2.60/ gallon. The only problem is will the guy show up before I run out. Looked yesterday and I'm down to 20% (~50 gals).

TheProfessor · 02-12-2014, 12:20 PM

Eastern Propane.
$2.94 gallon last week.
Goes into a 500 gallon tank.

02-05-2014, 12:51 AM	#5
HellRaZoR004 Senior Member Join Date: May 2012 Location: Litchfield/Gilford Posts: 828 Thanks: 233 Thanked 224 Times in 131 Posts	Yikes! My propane bill went up 60 cents per/gal from last month!!!

02-06-2014, 02:43 PM	#7
Steveo Senior Member Join Date: Apr 2004 Posts: 526 Thanks: 47 Thanked 123 Times in 63 Posts	Pre buy This is the reason I always do the pre-buy option. Bought in August for $2.60/ gallon. The only problem is will the guy show up before I run out. Looked yesterday and I'm down to 20% (~50 gals).

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02-03-2014, 03:14 PM	#2
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,550 Thanks: 1,072 Thanked 672 Times in 369 Posts	We just got another fill-up here in CT. $3.91 per gal. That's up 63% since December 1st!! I know it's still lower than some of the prices in this thread but 63%, come-on. I might go back to electric heat, it's probably cheaper now, even if it's $0.21 per kw. Any math genius' out there that could tell me if it is?

The Following 3 Users Say Thank You to Rusty For This Useful Post:
ishoot308 (02-03-2014), Pineedles (02-04-2014), VitaBene (02-03-2014)

02-04-2014, 11:59 PM	#4
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,953 Thanks: 484 Thanked 703 Times in 393 Posts	A heat pump may make sense for you, but the big question is how long will the price of propane stay elevated. Right now there is a supply issue due to the uncharacteristically cold temperatures throughout the country driving up demand to unheard of levels. I think next year there may be more supply available to match demand keeping the price more reasonable. That being said, for a heat pump, you get about 3 times more heat out for the electricity put in than resistance heating. It's not that cut and dry, but probably good for initial comparisons. Heat pumps become less efficient as the temperature gets colder. Geothermal will give better results if designed properly, but costs much more.

02-05-2014, 08:33 AM	#6
tis Senior Member Join Date: Jan 2006 Posts: 6,947 Thanks: 795 Thanked 1,493 Times in 1,040 Posts	My cousin who is in the oil/gas business told us at Christmas that gas prices were going to go up.

02-12-2014, 12:20 PM	#8
TheProfessor Senior Member Join Date: Nov 2010 Posts: 1,164 Thanks: 17 Thanked 357 Times in 214 Posts	Eastern Propane. $2.94 gallon last week. Goes into a 500 gallon tank.

The Following User Says Thank You to TheProfessor For This Useful Post:
persamp (02-13-2014)