official nebraska government website

Average Wholesale
Propane Prices in Nebraska

Analysis

The average wholesale propane price on February 6, 2006, had relatively no change from the previous week at $0.98 per gallon (see the table at the end of this report).  The graph below shows the spread in Nebraska prices from month to month and from this year compared to previous years.  This week's average price was 21 cents (or 28 percent) higher than the price at this time last year.

Other states in the Midwest Region had comparable wholesale prices ranging from $0.94 to $1.04 per gallon with the region averaging $0.99.  States adjacent to Nebraska, such as Kansas, South Dakota, Iowa, and Missouri, had prices of $0.96, $0.99, $0.99, and $0.98, respectively.

With 15.3 million barrels on February 3, the Midwest Region inventory level was above the normal range for this time of year.

Notes:  The annual report for the 2004-2005 winter season is available.  An archive houses annual reports from previous years.

Heating Season

The Oil Price Information Service collects wholesale propane prices each week for Nebraska and eleven (11) other states in the Midwest Region during the heating season (October to March).  The Energy Information Administration, the independent statistical and analytical agency within the U.S. Department of Energy, uses the prices collected by the Oil Price Information Service to calculate a state average price, a regional average price, and a national average price which can be seen in the report Wholesale Propane Prices by Region and State.

Off Season

Prices are not collected during the off season (April through September).

Midwest Region

For statistical purposes, the Energy Information Administration defines the Midwest Region to include the states of Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, and Wisconsin.

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Nebraska's Average Wholesale Propane Prices

2001/2002 — 2005/2006

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Nebraska's Average Wholesale Propane Prices

2001/2002 — 2005/2006

Heating Season
Oct Nov Dec Jan Feb Mar
2001/2002
First Monday $0.478 $0.457 $0.335 $0.336 $0.304 $0.353
Second Monday $0.471 $0.423 $0.307 $0.311 $0.310 $0.383
Third Monday $0.478 $0.361 $0.326 $0.297 $0.320 $0.392
Fourth Monday $0.484 $0.369 $0.349 $0.296 $0.317
Fifth Monday $0.482 $0.375
2002/2003
First Monday $0.501 $0.535 $0.531 $0.596 $0.706 $1.051
Second Monday $0.502 $0.515 $0.537 $0.582 $0.803 $0.716
Third Monday $0.515 $0.507 $0.573 $0.646 $0.684 $0.693
Fourth Monday $0.523 $0.534 $0.584 $0.637 $0.773
Fifth Monday $0.591
2003/2004
First Monday $0.667 $0.636 $0.621 $0.703 $0.675 $0.661
Second Monday $0.752 $0.634 $0.667 $0.809 $0.678 $0.615
Third Monday $0.737 $0.625 $0.727 $0.694 $0.723 $0.605
Fourth Monday $0.696 $0.632 $0.715 $0.734 $0.672
Fifth Monday $0.688
Heating Season
Oct Nov Dec Jan Feb Mar
2004/2005
First Monday $0.890 $0.999 $0.868 $0.820 $0.763 $0.844
Second Monday $0.948 $0.980 $0.842 $0.775 $0.768 $0.889
Third Monday $0.984 $0.953 $0.925 $0.800 $0.784
Fourth Monday $1.072 $0.977 $0.875 $0.788 $0.810
Fifth Monday $0.996 $0.771
2005/2006
First Monday $1.217 $1.087 $1.066 $1.110 $0.976 NA
Second Monday $1.195 $1.020 $1.135 $1.044 NA NA
Third Monday $1.200 $1.037 $1.170 $0.998 NA
Fourth Monday $1.171 $1.042 $1.138 $1.048 NA
Fifth Monday $1.156 $0.972

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Sources: Weekly Petroleum Status Report. Energy Information Administration, Office of Oil and Gas, U.S. Department of Energy, Washington, DC. Nebraska Energy Office, Lincoln, NE.

Note: NA = Not Available.

This report was updated on February 9, 2006.

Typically, there is one week between updates during the heating season.