Myke Feinman Refine Fuels Reporter
Wed Jan 22, 2014 04:42 PM CST

STREATOR, Ill. (DTN) -- Tight supply caused the value of spot propane at the Conway supply hub in Kansas to spike well above the $3 per-gallon mark Wednesday amid continued frigid temperatures that have generated robust demand for heating fuels.

Conway propane traded last at 324.0 cents per gallon, up 79.0 cents on the day and $1.49 higher in value for the last two days.

The propane supply squeeze has created logistical nightmares for the Midwest region for months, with 30% of the nation's propane storage capacity at Conway. January's arctic deep freeze followed December's unseasonably cold temperatures, which, in ...

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