Propane is a liquefied petroleum fuel (LPG) generally used as a gas for heating, cooking, and transportation. Its worth is influenced by varied elements, together with world provide and demand, crude oil costs, and geopolitical occasions.
Lately, the worth of propane has been comparatively excessive because of elevated demand and provide chain disruptions. Nonetheless, 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 may additionally affect propane demand and costs.
