Average Wholesale
Propane Prices in Nebraska

Analysis

The average wholesale propane price on October 9, 2006, had decreased nearly one cent from last week to 97 cents 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 nearly 22 cents (or 19 percent) lower than the price at this time last year.

Other states in the Midwest Region had comparable wholesale prices ranging from 90 cents to $1.05 per gallon with the region averaging 99 cents.  States adjacent to Nebraska, such as Kansas, South Dakota, Iowa, and Missouri, had prices of 95, 99, 98, and 97 cents, respectively.

With 26.4 million barrels on October 6, the Midwest Region inventory level was just above the normal range for this time of year. Temperatures were below freezing in some areas in the Midwest this week. According to “This Week In Petroleum”, those areas may see the season's first major stock declines in the next few weeks.

Notes:  The annual report for the 2005-2006 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 ten (10) 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 - 2006/2007

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Nebraska's Average Wholesale Propane Prices
2001/2002 - 2006/2007

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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 October 17, 2006.  Typically, there is one week between updates during the heating season.

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