LP Gas, November 2011
PROPANE INDUSTRY NUMBERS PROPANE EDUCATION RESEARCH COUNCIL Natural gas prices remain well below the five year average measured between 2005 10 Fuel Prices Increase This Winter 2011 12 WINTER OUTLOOK 40 30 20 10 0 10 20 Natural Gas Electricity Heating Oil Propane Change in fuel prices Compared with last winter Compared with 5 year average Residential Propane Consumption 2011 12 WINTER OUTLOOK Propane use as primary space heating fuel in U S households EIA Short Term and Winter Fuels Outlook Percent change from last winter forecast Consumption Average price Total expenditures Region Percent usage West 16 N C N C N C South 34 N C N C N C Midwest 36 1 5 3 Northeast 13 1 10 9 U S Propane Inventories 2009 13 BARRELS History Forecast 80 70 10 warmer 60 50 40 30 20 10 10 colder Base case 0 2009 2010 2011 2012 2013 Normal Range EIA Short Term and Winter Fuels Outlook EIA Short Term and Winter Fuels Outlook Propane inventories remain at the low end of their recent historical range EIA data shows Million Barrels www LPGasmagazine com November 2011 LPGas 19
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