Average Residential
Propane Prices in Nebraska
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Average Residential |
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Analysis On January 1, 2007, the average residential propane price had decreased nearly a penny from last week to $1.46 per gallon (see the table at the end of this report). The graph below this text shows the spread in prices from month to month and from this year compared to previous years. This week's average price was six cents (or four percent) lower than the price at this time last year. Other states in the Midwest Region had higher prices ranging from $1.49 to $2.06 with the region averaging $1.79 per gallon. States adjacent to Nebraska, such as South Dakota, Iowa, and Missouri, had prices of $1.49, $1.50, and $1.67, respectively. While wholesale prices had fallen nearly three cents this week and the rack-to-retail margin increased to 51 cents, Nebraska retail prices continue to be the lowest of the surveyed states in the region. (Nebraska does not have the lowest wholesale prices of the surveyed states in the region.) On the supply side, the Midwest Region inventory level was just above the normal range for this time of year with 22.9 million barrels in storage on December 29. Notes: The annual report for the 2005-2006 winter season is available. An archive houses annual reports from previous years. Heating Season The Nebraska Energy Office has participated in the State Heating Oil and Propane Program for six years. During the heating season (October to March), the staff contact companies each week who supply propane to Nebraska, collect Monday's retail price, and submit the data to the Energy Information Administration. The Energy Information Administration calculates the average price shown in the table below. In the Midwest Region, Nebraska's average residential propane price was the lowest price each week during the last five heating seasons. The Energy Information Administration theorized that this was due to minimal transportation costs since Nebraska's wholesale prices were not the lowest in the region each week. Another reason would be the number of participating states. Since state participation in the program is voluntary, propane prices were not surveyed in each state in the Midwest Region. Kansas and Oklahoma might also have had low prices--possibly lower than Nebraska's because the two states are closer to production, refinery,
and storage areas. |
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Nebraska's Average Residential Propane Prices |
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Nebraska's Average Residential Propane Prices |
| Heating Season | Off Season | ||||||||||||
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | ||
| 2001/2002 | |||||||||||||
| First Monday | $0.815 | $0.771 | $0.768 | $0.769 | $0.773 | $0.736 | $0.736 | $0.733 | $0.720 | $0.708 | $0.693 | $0.714 | |
| Second Monday | $0.797 | $0.772 | $0.777 | $0.770 | $0.735 | $0.739 | |||||||
| Third Monday | $0.798 | $0.779 | $0.773 | $0.770 | $0.735 | $0.734 | |||||||
| Fourth Monday | $0.786 | $0.770 | $0.773 | $0.773 | $0.734 | ||||||||
| Fifth Monday | $0.774 | $0.769 | |||||||||||
| 2002/2003 | |||||||||||||
| First Monday | $0.721 | $0.743 | $0.744 | $0.806 | $0.901 | $1.181 | $0.886 | $0.849 | $0.845 | $0.882 | $0.899 | $0.934 | |
| Second Monday |
$0.734 |
$0.743 | $0.747 | $0.806 | $0.973 | $0.975 | |||||||
| Third Monday | $0.736 | $0.743 | $0.784 | $0.843 | $0.943 | $0.966 | |||||||
| Fourth Monday | $0.739 | $0.743 | $0.793 | $0.855 | $0.948 | ||||||||
| Fifth Monday | $0.799 | ||||||||||||
| 2003/2004 | |||||||||||||
| First Monday | $0.925 | $0.964 | $0.945 | $0.959 | $0.990 | $0.984 | $0.981 | $0.971 | $0.982 | $0.974 | $1.038 | $1.143 | |
| Second Monday |
$0.960 |
$0.955 | $0.942 | $1.027 | $1.011 | $0.983 | |||||||
| Third Monday | $0.966 | $0.952 | $0.957 | $1.008 | $0.993 | $0.984 | |||||||
| Fourth Monday | $0.968 | $0.952 | $0.956 | $1.006 | $0.992 | ||||||||
| Fifth Monday | $0.959 | ||||||||||||
| 2004/2005 | |||||||||||||
| First Monday | $1.158 | $1.290 | $1.265 | $1.237 | $1.220 | $1.194 | $1.220 | $1.209 | $1.202 | $1.225 | $1.232 | $1.415 | |
| Second Monday |
$1.195 |
$1.297 | $1.248 | $1.236 | $1.196 | $1.218 | |||||||
| Third Monday | $1.227 | $1.290 | $1.251 | $1.228 | $1.190 | ||||||||
| Fourth Monday | $1.312 | $1.278 | $1.251 | $1.228 | $1.194 | ||||||||
| Fifth Monday | $1.288 | $1.224 | |||||||||||
| 2005/2006 | |||||||||||||
| First Monday | $1.475 | $1.490 | $1.440 | $1.524 | $1.437 | $1.414 | $1.361 | $1.403 | $1.417 | $1.446 | $1.514 | $1.490 | |
| Second Monday | $1.469 | $1.468 | $1.455 | $1.498 | $1.438 | $1.417 | |||||||
| Third Monday | $1.474 | $1.460 | $1.508 | $1.461 | $1.422 | ||||||||
| Fourth Monday | $1.479 | $1.458 | $1.527 | $1.460 | $1.421 | ||||||||
| Fifth Monday | $1.493 | $1.443 | |||||||||||
| 2006/2007 | |||||||||||||
| First Monday | $1.418 | $1.399 | $1.454 | $1.461 | NA | NA | NA | NA | NA | NA | NA | NA | |
| Second Monday | $1.418 | $1.397 | $1.453 | NA | NA | NA | |||||||
| Third Monday | $1.406 | $1.403 | $1.461 | NA | NA | ||||||||
| Fourth Monday | $1.401 | $1.424 | $1.468 | NA | NA | ||||||||
| Fifth Monday | $1.398 | NA | |||||||||||
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Sources: State Heating Oil and Propane Survey and the Weekly Petroleum Status Report. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE. Note: NA = Not Available |
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This report was updated on January 22, 2007. Energy Statistics Home | Contact Us | Archive | Conversion Chart | Glossary |