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Average Wholesale
Propane Prices in Nebraska

Analysis

The average wholesale propane price had risen 4 cents from the last report to $1.35 per gallon on

December 27, 2010 (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 7 cents (or 5 percent) higher than a year ago.

Other states in the Midwest Region had comparable wholesale prices ranging from $1.32 to $1.46 per gallon with the region averaging $1.37.  States adjacent to Nebraska, such as Kansas, South Dakota, Iowa, and Missouri, had prices of $1.33, $1.32, $1.37, and $1.34, respectively.

With 23.1 million barrels of supply on December 24, the Midwest Region inventory level was at the upper boundary of the normal range for this time of year.

Notes:  The annual report for the 2009-2010 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 — 2010/2011

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 $0.934
Second Monday $1.195 $1.020 $1.135 $1.044 $0.941 $0.916
Third Monday $1.200 $1.037 $1.170 $0.998 $0.931
Fourth Monday $1.171 $1.042 $1.138 $1.048 $0.950
Fifth Monday $1.156 $0.972
2006/2007
First Monday $0.981 $0.969 $1.059 $0.949 $0.980 $1.037
Second Monday $0.972 $1.015 $1.032 $0.901 $1.056 $1.052
Third Monday $0.996 $1.003 $0.989 $0.897 $1.014
Fourth Monday $0.986 $0.994 $0.978 $0.910 $1.044
Fifth Monday $1.005 $0.954
Heating Season
Oct Nov Dec Jan Feb Mar
2007/2008
First Monday $1.612 $1.510 $1.609 $1.488 $1.762
Second Monday $1.394 $1.616 $1.543 $1.488 $1.413 $1.612
Third Monday $1.436 $1.548 $1.576 $1.472 $1.447 $1.668
Fourth Monday $1.494 $1.576 $1.584 $1.496 $1.914
Fifth Monday $1.543 $1.629
2008/2009
First Monday $1.407 $1.078 $0.860 $0.829 $0.966 $0.744
Second Monday $1.073 $0.939 $0.694 $0.910 $0.846 $0.696
Third Monday $0.960 $0.851 $0.799 $0.879 $0.827 $0.708
Fourth Monday $1.042 $0.814 $0.870 $0.879 $0.757
Fifth Monday $0.810
2009/2010
First Monday $0.953 $1.146 $1.260 $1.460 $1.419 $1.335
Second Monday $0.962 $1.182 $1.223 $1.520 $1.558 $1.288
Third Monday $1.059 $1.165 $1.284 $1.303 $1.378 $1.217
Fourth Monday $1.167 $1.189 $1.424 $1.398 $1.376
Fifth Monday $1.210
Heating Season
Oct Nov Dec Jan Feb Mar
2010/2011
First Monday $1.276 $1.232 $1.259 NA NA NA
Second Monday $1.280 $1.279 $1.269 NA NA NA
Third Monday $1.229 $1.264 $1.312 NA NA NA
Fourth Monday $1.215 $1.219 $1.351 NA NA
Fifth Monday $1.266

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Sources: Weekly Petroleum Status Report. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE.

Note: NA = Not Available.

This report was updated on This report was updated on December 30, 2010.

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