Propane is a liquefied petroleum fuel (LPG) generally used as a gasoline for heating, cooking, and transportation. Its value is influenced by numerous components, together with international provide and demand, crude oil costs, and geopolitical occasions.
In recent times, the worth of propane has been comparatively excessive on account of elevated demand and provide chain disruptions. Nonetheless, components akin 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 geared toward selling renewable power sources may additionally influence propane demand and costs.
