Propane heating costs in the U.S. rocketed to $2.59 per gallon this month, the highest level in a decade, as winter quickly approaches, the federal government said Friday.
The average cost of propane during the first four weeks of the current winter season, which begins in October, was 49% higher than last year, according to an Energy Information Administration (EIA) report. The agency noted that the low propane supply is a major reason for the increased prices.
“U.S. propane and propylene inventories are starting this winter season lower than in recent years; weekly U.S. inventories are averaging 28% lower than the same time last year and 21% lower than their recent five-year (2015–2020) average,” the report stated.
The price paid for heating has historically peaked between January and February, the EIA data showed. Heating costs are generally lower in October when demand is down and it is still warm in many parts of the country.
The surge in costs could greatly affect certain states — including Iowa, Wisconsin, Maine, and Minnesota — where more than 10% of all homes are heated using propane during the winter months. Overall, however, roughly 5% of all U.S. households rely on propane for heat.
Still, heating oil and natural gas prices are expected to rise 43% and 30% respectively, an Oct. 13 EIA report concluded.
“Not only are we seeing inflation in, you know, groceries and gasoline, but we’re going to see it in home heating as well,” Republican Oklahoma Rep. Stephanie Bice said this week during a roundtable on rising energy costs hosted by House Minority Leader Kevin McCarthy.
“And this continuation of what I would consider to be sort of an assault on the industry is going to have a rippling effect,” she continued. “And we need to be mindful about looking at how we address this long term.”
Republican lawmakers have roundly criticized the Biden administration for its energy policies targeting fossil fuel pipelines and drilling permits nationwide.
Since January, President Joe Biden has committed to cutting emissions 50% by 2030, having a completely carbon-free electric grid by 2035, and achieving net-zero emissions by 2050.
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On a seperate note the UN is using Dinosour is a fruadulent ad
If the major oil companies are guilty of anything, it is that they did nothing. No new fracking, no new pipelines, no refinery expansion, etc.. All they had to do was throw up their arms and stop trying to fill demand. Some shareholders demanded it. Now the price of their products has gone sky high and the profits pour in. World “leaders” are in Glasgow congratulating themselves, people hate the oil companies again.
This is exactly what the si called Green Cult wants and begins in government education centers.
Oct 29, 2021 The Allan Inquiry – A Commentary on Foreign Funding By Friends of Science
Michelle Stirling offers this opinion commentary on the Allan Inquiry and discusses how markets have been skewed by the influences of the UNPRI and the CDP Worldwide. She also recommends that viewers read Friends of Science Society’s reports on the #TarSandsCampaign for a basic overview on what this green trade war is all about.
https://youtu.be/aGK23hB_nV8