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Why Have Propane Prices Climbed This Season?

Junction Fuels Has Ways to Help Keep Costs Manageable

propane price increase vermontIt’s been in the news, and we’re all feeling it directly at the gas pump. Energy costs are up across the board. Unfortunately, that also includes propane, which has hit its highest prices since 2014. We know how painful these higher prices can be for our customers, especially going into the winter heating season, and it’s painful for us as well.

It’s important to remember that we don’t profit when prices are higher—we make less. Think about when food prices increase. It’s not the local grocery store profiting off those higher prices. If anyone’s profiting, it’s the big corporations and Wall Street investors.

So What’s Behind High Propane Prices?

Propane is manufactured from commodities that are bought and sold on the global market—mainly natural gas. As a result, propane prices can fluctuate unpredictably based on a variety of factors. Contributing to the current price increase is that during the early days of the pandemic, fuel prices plummeted because of decreased demand. The industry—and Wall Street—is still trying to recover. That’s why, rather than increase supply, there are some who want to keep prices high by keeping supplies tight. Read more about the factors that are driving today’s energy market in the article linked here.

On top of that, the COVID-19 pandemic has greatly disrupted the supply chain for many industries in the U.S., including propane.

We’re Here to Help You Save

At Junction Fuels, we understand how these propane price increases can present challenges for you. While we can’t control the price of propane, our Monthly Budget Plan helps by spreading your costs into even, monthly payments. It eliminates those big bills that can come back-to-back during winter, when Central Vermont can sit in a deep freeze for extended periods, and everyone uses more fuel.

Upgrading to high-efficiency equipment can also significantly reduce your energy costs—as much as 40% with a new water heater!—and we can help you take advantage of valuable rebates and provide expert installations.

Help is also available from Vermont’s Seasonal Fuel Assistance Program. And if you are having trouble with your bills, let us know before you get behind: We’ll work with you in any way that we can.

Wherever you are in the Woodstock region—Bridgewater, Killington, Bethel, Hanover, or another nearby town—Junction Fuels is here for you with personal, courteous service you can depend on. Get in touch with us to learn more!