We have talked at length about the warm weather and the long fall, and the benefits it has given us for getting crops out of the field and fertilizers applied for next spring. One of the other aspects of the weather that is benefitting us is the lower demand for heating fuels, including propane. The levels of propane are at the best they have been in the last five years.
Mike Newland is the Director of Agriculture Business Development at the Propane Education Research Council. He talks about the situation we are finding ourselves in, and how it is benefiting consumers at this point.
We are seeing a change in the normal correlation between propane and crude oil prices. Supply has been the biggest driver of these changes.
Newland says that they are actively working on promoting ways to use more propane, including in vehicles.
Looking to next year, Newland expects our innovation to grow for propane. He looks closely at industrial and agricultural uses that many of us wouldn’t have even fathomed a few years ago.
