Propane is a liquefied petroleum gasoline (LPG) generally used as a gas for heating, cooking, and transportation. Its worth is influenced by numerous elements, together with world 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. Nevertheless, elements corresponding 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 geared toward selling renewable power sources might also impression propane demand and costs.
