What’s Going On with Propane Prices?

Written on: December 6, 2021

How to Deal When Propane Prices Rise

fuel price increases minnesotaPropane prices have been steadily increasing all around the country, and the increase can be hard to accept, for all of us in the Upper Midwest. While dealing with price increases can be frustrating, propane remains one of the most efficient and cost-effective ways to reliably heat your home or business and power your appliances, without interruption – all while reducing your carbon emissions!

Propane price fluctuations: a confluence of factors

Multiple factors influence propane price fluctuations – namely, high demand and supply storage depletion. We’ve all heard that “supply and demand” drives the market, but how does this work on a more granular level? The truth is, propane prices are affected by upheaval both here and abroad, including factors such as:

Who profits from propane price increases?

Whatever the cause of the scramble for propane – causing hefty price increases – local propane providers aren’t benefitting. Large wholesale propane suppliers are often mistakenly conflated with local energy providers, but propane businesses that serve customers directly are not the parties triggering price increases, and they don’t benefit from them either.

Lakes Gas handles price fluctuations for you

In fact, here at Lakes Gas, we prefer to see reasonable propane prices that assure customers they can stay warm, comfortable and safe, without sacrificing their savings. That’s why we always strive to provide the most affordable rates possible, and we will always be here when you need us.

Fortunately, we’ve spent years fostering strong partnerships with our suppliers in the Upper Midwest, allowing us to keep propane energy costs affordable for our customers. We also have expert energy professionals on hand to offer advice on keeping your energy costs down and making the most of your energy-efficiency. We’re on your side, and we’re in this together! Contact us today with any other concerns you might have or become a customer!