NEWS
Propane Price Skyrockets in Midwest
Myke Feinman Refine Fuels Reporter
Tue Jan 21, 2014 03:57 PM CST

STREATOR, Ill. (DTN) -- The per-gallon spot price for propane at the Conway hub in Kansas surged 40 cents in early trade as temperatures plunged back below zero in the Midwest amid tight supply following an arctic blast that struck the nation earlier this month.

Conway propane traded at 215.0 cent per gallon, a gain of 39.875 cents since Friday's last trade. This huge jump comes after a 36.125 cent gain for Conway propane the prior week.

"It is absolutely nuts," one propane broker said. He added the price advance at Conway is from "the bullish market conditions that have ...

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