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