Update on prices
It’s always hard to predict which direction propane and oil prices will go next, because there are many factors that cause energy prices to rise and fall. Unforeseen events like severe weather and global politics can affect energy production.
Destructive hurricanes can temporarily shut down major refineries, and international crises can have an effect on crude oil production. Although events like these may not actually lead to fuel shortages, prices around the country—including the prices of gasoline, diesel fuel, propane and heating oil—can all rise based on speculation in the stock market about what could happen in the coming weeks and months. This is often referred to as the fear factor.
Beyond this, we have seen propane prices on the rise in the last few years for a solid reason: It’s largely due to record amounts of propane being exported, which has put a crimp in inventories back home.
On a local level, seasonal demand, operational costs (including overtime) and even competition between dealers can result in price variation.
Most of this is beyond our control, but, as an Ehrhart Energy customer, you can always count on a fair rate from us. We’re not the cheapest game in town, but we’re not the most expensive one, either. Plus, we have ways of helping you control your heating costs by improving the efficiency of your equipment and enrolling you in a price protection program for the next heating season.