U.S. Propane Prices Start Winter Heating Season At 10-Year High

U.S. residential propane prices stood at their highest level since 2011 at the start of the winter heating season, as global demand grows and supply tightens, the Energy Information Administration (EIA) said on Friday. During the first week of the winter heating season, residential propane prices hit $2.59 per gallon as of October 4, 2021, which was the highest start-of-winter price since 2011. Propane prices during the first four weeks of the current winter heating season were 49 percent higher than the same time last winter, EIA’s Heating…