Propane prices could hit record high
15.10.11
The cost to heat one’s home with propane could be at a record high this winter, federal officials said this week.
The U.S. Energy Information Administration (EIA) expects households that heat primarily with oil to spend an average of $2,493 this winter season, which runs from Oct. 1 through March 31.
Currently, propane gas prices range from $2.59 a gallon to $3.25 a gallon in Covington County.
EIA projets residential heating oil prices this winter will average about $3.71 per gallon or 33 cents higher than last winter, as well as the highest on record.
Thompson Gas Vice President Benny Gay said the cost of propane this winter will depend on a number of factors.
Since propane is publicly traded like oil, cotton and gold on the open market, it normally follows crude oil prices, he said.
“If oil is at a certain price, then propane should be at a certain price,” he said. “There is a mathematical equation for figuring this.”
This year, crude oil prices are expected to be 9 percent higher compared with last winter, according to EIA’s forecast.
Source: Andalusia Star-News
Moved Above Upper Price Channel - APU, ARG, ARW, AVD, AVT
16.10.11
APU percentage change surged 1.64%, to close at $45.92 and its overall traded volume was 53,745.00 shares in the last trading session. APU opened at $45.32 and is trading within the range of $45.11-$46.00. The 52-week range of the stock is $36.76 – $51.50. APU’s market capitalization is $2.62B and it has 57.12M outstanding shares.
AmeriGas Partners, L. P. (the Partnership) is a retail propane distributor in the United States. As of September 30, 2010, the Company served approximately 1.3 million residential, commercial, industrial, agricultural and motor fuel customers in all 50 states from nearly 1,200 propane distribution locations. The Partnership is a holding company and it conducts its business principally through its subsidiary, AmeriGas Propane, L. P. (AmeriGas OLP) and its subsidiary, AmeriGas Eagle Propane, L. P. (Eagle OLP and together with AmeriGas OLP, the Operating Partnership). AmeriGas Propane, Inc. is its general partner (the General
Source: Health Talk & You
Kranz says he stays away from the 
