Propane is a liquefied petroleum gasoline (LPG) generally used as a gasoline for heating, cooking, and transportation. Its worth is influenced by varied elements, together with world provide and demand, crude oil costs, and geopolitical occasions.
Lately, the worth of propane has been comparatively excessive because of elevated demand and provide chain disruptions. Nevertheless, elements corresponding to elevated home manufacturing and the potential for a worldwide financial slowdown in 2023 may contribute to decrease costs in 2025. Moreover, authorities insurance policies aimed toward selling renewable power sources may additionally influence propane demand and costs.
