Slide 14 of 19
Notes:
- Propane spot prices at the major trading hubs remained relatively close through the fall of 2000, even as they were pushed higher by rapidly rising natural gas prices.
- Prices in the entire country experienced a rapid runup in December as demand increased (due to unusually cold weather) and supply was constrained (due to refiners using propane in their own facilities and natural gas processing plants offering less propane for sale as natural gas prices remained extraordinarily high).
- Residential propane prices are expected to rise over the remainder of the 2000-01 heating season as continued volatility in crude oil markets and strong heating demand put upward pressure on propane prices during this period.