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