Propane is a liquefied petroleum gasoline (LPG) generally used as a gas for heating, cooking, and transportation. Its value is influenced by varied elements, together with international provide and demand, crude oil costs, and geopolitical occasions.
In recent times, the value of propane has been comparatively excessive because of elevated demand and provide chain disruptions. Nevertheless, elements resembling elevated home manufacturing and the potential for a worldwide financial slowdown in 2023 might contribute to decrease costs in 2025. Moreover, authorities insurance policies geared toward selling renewable power sources can also impression propane demand and costs.
