What are the future trends for the propane industry?

One of the more beneficial trends for the propane industry lies in the pursuit of greener energy. Demand for propane is likely to rise domestically and internationally as consumers seek clean household energy sources. During the COVID-19 pandemic, demand for propane rose as consumers spent time in lockdown or began working from home.

How has the propane market changed in 2022?

In 2020 and 2021, the propane market experienced historically low inventories that affected supply. 2022 saw a record amount of U.S. propane being transported to Europe, as a volatile geopolitical situation and atypical weather patterns resulted in exponentially high energy prices and extreme demand.

How much has propane increased in 2024?

Trading Economics does not verify any data and disclaims any obligation to do so. Propane increased 0.03 USD/GAL or 5.09% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on May of 2024.