During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we get closer to winter. The posted prices increased 3.5 cents/gal from October mid-month to November mid-month, while the spot prices increased 1.375 cents. Conway, Kansas, postings ended with a 3.05-cent increase and spots increased 0.75 cents over the month.
Mont Belvieu Postings
The Mont Belvieu mid-October posted price was 95.422 cents/gal. The next week the price increased by 3.5 cents to 98.922 cents, followed by a 1.667-cent increase to 100.589 cents the first week of November. Prices then decreased 0.667 cents to land at 99.922 the following week. At mid-month, postings decreased 1 cent to land at 98.922 cents/gal. Compared to the same time in November 2021, the November 2022 prices were 33.334 cents lower.
Conway Postings
The Conway mid-October posted price was 91.498 cents/gal. The next week the price increased by 2.2 cents to 93.698 cents, followed by a 2.2-cent increase to 95.898 cents the first week of November. Prices then increased 0.35 cents to land at 96.248 the following week. At mid-month, postings decreased 1.7 cents to land at 94.548 cents/gal. Compared to the same time in November 2021, the November 2022 prices were 30.65 cents lower.
Mont Belvieu Spots
Mont Belvieu spot propane opened the mid-October period at 83.25 cents/gal. The next week the price increased by 3.875 cents to 87.125 cents, followed by a 2.375 cent decrease to 84.75 cents the first week of November. Prices then increased 1.75 cents to land at 86.5 the following week. At mid-month, they fell 1.875 cents to land at 84.625 cents/gal. Compared to the same time in November 2021, the November 2022 prices were 26.875 cents lower.
Conway Spots
Conway spots opened the mid-October period at 85.25 cents/gal. The next week the price increased 1 cent to 86.25 cents, followed by a 1-cent increase to 87.25 cents the first week of November. Prices then increased 2 cents to land at 89.25 the following week. At mid-month, they fell 3.25 cents to land at 86 cents/gal. Compared to the same time in November 2021, the November 2022 prices were 23.5 cents lower.
SOURCE: The BPN Pricing & Supply Newsletter, Nov. 17, 2022. 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
