During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we head into spring. The posted prices increased 10 cents/gal, from March mid-month to April mid-month while the spot prices increased 15.25 cents. Conway, Kan., postings ended with a 14.124-cent increase and spots increased 16.5 cents over the month.
Mont Belvieu Postings
The Mont Belvieu mid-March posted price was 84.172 cents/gal. The next week the price increased by 2.584 cents to 86.756 cents, followed by a 4.416-cent increase to 91.172 cents the following week. Prices then increased 2.334 cents to land at 93.506 the first week of April. At mid-month, postings increased another 0.666 cents to land at 94.172 cents/gal. Compared to the same time in April 2022, the April 2023 prices were 49.334 cents lower.
Conway Postings
The Conway mid-March posted price was 73.898 cents/gal. The next week the price increased by 2.9 cents to 76.798 cents, followed by a 5.1-cent increase to 81.898 cents the following week. Prices then increased 4.25 cents to land at 86.148 the first week of April. At mid-month, postings increased another 1.874 cents to land at 88.022 cents/gal. Compared to the same time in April 2022, the April 2023 prices were 49.076 cents lower.
Mont Belvieu Spots
Mont Belvieu spot propane opened the mid-March period at 68.750 cents/gal. The next week the price rose by 7.5 cents to 76.250 cents, followed by a 3.125-cent increase to 79.375 cents the following week. Prices then increased 2.875 cents to land at 82.250 the first week of April. At mid-month, they rose another 1.75 cents to land at 84.000 cents/gal. Compared to the same time in April 2022, the April 2023 prices were 49 cents lower.
Conway Spots
Conway spots opened the mid-April period at 65.750 cents/gal. The next week the price rose 6.25 cents to 72.000 cents, followed by a 4-cent increase to 76.000 cents the following week. Prices then increased 4.25 cents to land at 80.250 the first week of April. At mid-month, they rose another 2 cents to land at 82.250 cents/gal. Compared to the same time in April 2022, the April 2023 prices were 45 cents lower.
SOURCE: The BPN Pricing & Supply Newsletter, April 13, 2023. BPN Pricing & Supply Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
