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Propane Prices
Old 07-07-2005, 06:59 PM   #1
 
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Propane Prices

I've got to decide when to fill up my 300 gallon propane tank. Prices are usually lowest in August, but not always. Still $2.10 per gallon here. Anyone know anything about propane price forecasts?
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Re: Propane Prices
Old 07-07-2005, 08:55 PM   #2
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Re: Propane Prices

Quote:
Originally Posted by TromboneAl
I've got to decide when to fill up my 300 gallon propane tank.* Prices are usually lowest in August, but not always.* Still $2.10 per gallon here.* Anyone know anything about propane price forecasts?
Well here's how the boys in rural Oklahoma feel about it.
http://news.tradingcharts.com/futures/3/9/68072093.html 8)
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Re: Propane Prices
Old 07-08-2005, 01:29 AM   #3
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Re: Propane Prices

Quote:
Originally Posted by TromboneAl
. . . Anyone know anything about propane price forecasts?
Yes. My experience is that most of the time the forecasts are wrong. I don't use propane now, but back when I lived in rural Iowa I used to research propane price projections and try to time my fillups. I never got it right once.
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Re: Propane Prices
Old 07-08-2005, 03:24 AM   #4
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Re: Propane Prices

Quote:
Originally Posted by JPatrick
Well here's how the boys in rural Oklahoma feel about it.
http://news.tradingcharts.com/futures/3/9/68072093.html 8)
Excellent link, JPAtrick.* I poked around awhile and bookmarked it. The news stories are informative and to the point.
ha
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Re: Propane Prices
Old 07-08-2005, 05:58 AM   #5
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Re: Propane Prices



Another way to track propane cost is to watch natural gas (nattie) prices. I've been tracking SPH for a year or so. Gonna buy it someday.


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Re: Propane Prices
Old 07-08-2005, 08:48 AM   #6
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Re: Propane Prices

Just be aware that SPH has relatively little exposure to propane prices. They pretty much just do a pass-through of propane prices to their cutomers, kind of like a pipeline. I own SPH and think its a good company, just understand what you are getting. It is also worth waiting for the meaningless dips that happen a couple times a year.
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Re: Propane Prices
Old 07-08-2005, 09:36 AM   #7
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Re: Propane Prices

DCA into it. Put 50 gallons in per month.

If the price rises sharply, sell some of yours to your neighbors.

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Re: Propane Prices
Old 07-08-2005, 09:41 AM   #8
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Re: Propane Prices

We also heat with propane. TromboneAl, send me a note if you see a dip and I will do likewise.

DCA works if the price fluxes are large, otherwise the small fill cost kills any potential advantage.
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Re: Propane Prices
Old 07-08-2005, 10:06 AM   #9
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Re: Propane Prices

Question for the propane burners:
I have zero experience with propane.*
However, I am looking online at a couple of 2000 sq ft homes that heat with propane.
As a heating option, how does propane stack up.* Other homes in the area are total electric or use heat pumps both of which I have used.
No nat gas available.
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Re: Propane Prices
Old 07-08-2005, 11:28 AM   #10
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Re: Propane Prices

Propane in my neck of the woods was 1.09 per gallon last year to "pre-buy" (buy XX gallons in august for the amount that you expect to need). I ended up burning more wood and have a credit of 150 bucks. Some places dont allow a credit and will just take the unused portion.

I wont price until next month, but you are scaring me and think that I probably should just start chopping up more wood now in anticipation.
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Re: Propane Prices
Old 07-08-2005, 11:31 AM   #11
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Re: Propane Prices

Based on what Al was telling me he spends on propane water heating, and he's in the same part of the same state that I'm in (be afraid Al), propane for heating water costs a LOT more than natural gas. So I'd guess that propane home heating would be a hell of a lot more than natural gas.

Pretty dang unscientific though...
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Re: Propane Prices
Old 07-08-2005, 11:39 AM   #12
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Re: Propane Prices

You need to know that I live in a very moderate climate. *Air conditioning is unnecessary and days significantly below freezing are few. *[Just in case you are thinking of moving here, it is raining today!]

Natural gas isn't available to JPatrick.* What he should think about is the relative cost of electricty to propane in his community. My husband (an Architect) tells me that there are tools available to calculate this, ask the local propane and power providers. *Electric power charges have been very unstable these last few years. *If your electric power is unreliable you can power a generator with propane - one of the reasons why propane is popular in rural areas.

Most equipment fueled by natural gas can be adapted for propane by changing the orifice. *Our furnace, dryer, hot water heater and BBQ are propane. *It works for us.


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Re: Propane Prices
Old 07-08-2005, 12:27 PM   #13
 
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Re: Propane Prices

Thanks for the link.* I think I'll buy 150 gallons a the end of July, and then another 150 in August or September.*

Here is a graph of propane prices that we've paid:

Attached Images
File Type: jpg PropanePrices.jpg (51.7 KB, 79 views)
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File Type: jpg_thumb PropanePrices.jpg_thumb (11.2 KB, 0 views)
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Re: Propane Prices
Old 07-08-2005, 12:36 PM   #14
 
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Re: Propane Prices

And for you real anal retentive types, here is the correspondence between the meter on the tank, and the actual numbers of gallons in the tank (for a 300 gallon tank):

% Full* * * #gallons
0 0
10 14.41
20 40.41
30 73.45
40 110.72
50 150.00
60 189.28
70 226.55
80 259.59
90 285.59
100 300.00

That took hours of calculations and counting of graph paper squares.
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Re: Propane Prices
Old 07-08-2005, 06:30 PM   #15
 
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Re: Propane Prices

Quote:
However, I am looking online at a couple of 2000 sq ft homes that heat with propane.
As a heating option, how does propane stack up?* Other homes in the area are total electric or use heat pumps both of which I have used.
Here's a page that lets you do fuel cost calculations:

http://www.hearth.com/articles/47_0_1_0_M7.html

But of course it depends on efficiency of the furnace, etc.* We've gone completely to wood heating, but below shows how much propane we've used over the years (Our house is about 2000 sq ft).* One big hump represents a broken heating duct that was causing us to heat the crawlspace ( ) and another represents a propane leak at the tank.* As of last month, we're now down to .68 gal/day.

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Re: Propane Prices
Old 07-08-2005, 06:38 PM   #16
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Re: Propane Prices

Electric resistant heating is 100% efficient in cleaning out your bank account!!
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Re: Propane Prices
Old 07-08-2005, 08:30 PM   #17
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Re: Propane Prices

Thanks for all the info/ and graphs. It would appear propane heating is a viable option provided I can paint that tank to look like a -- - -a rocket ship I guess
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Re: Propane Prices
Old 07-08-2005, 08:58 PM   #18
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Re: Propane Prices

Ah yes - wild and free - the old timey - PacNW Bonneville power days of way under 1 cent per kw - we used 100% electric resistant like drunken sailors. The house I sold in 1993 had resistant heaters - my mom was running 2-4kw per month on an old peoples rate in a drafty Victorian.

I run portable resistant electrics in the fishcamp - only in the rooms areas required for winter - three weeks in jan.

Just kidding - we're basically all electric - well pump included - 1700 to 2400 dollars per year ballpark range depending on fuel adjustment(utility) and the years weather.
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Re: Propane Prices
Old 07-08-2005, 09:16 PM   #19
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Re: Propane Prices

Quote:
Originally Posted by unclemick2
we're basically all electric - well pump included - 1700 to 2400 dollars per year ballpark range depending on fuel adjustment(utility) and the years weather.
Same here (rural central Texas). 2,400 sq ft all electric (heat pump) including well & aerobic septic system. Averaging just over $2,000/yr, including blistering summer temps (102 yesterday). :P

Please, please send some rain this way.

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Re: Propane Prices
Old 07-08-2005, 09:22 PM   #20
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Re: Propane Prices

Gulf Shores, Al or Pensacola - I hope - not to wish them ill, since the shock of Ivan hasn't totally worn off.
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