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Propane price increases tied to Gulf oil crisis impacts
Local residents blame rising propane costs on the Gulf crisis as world crude prices surge. Industry experts note propane is tied to international oil markets, with North American pricing centers in Kansas and Texas. Prices rise with higher oil, demand in winter, and limited propane storage, while some buffering occurs as oil retreats.
MENTIONED IN THIS ARTICLE
Gulf
Iraq
Kuwait
Bill Honeywell
ICG
Fort St. John
Honeywell
Petrochemical
Amoco
Canada
Ontario
Kansas
Texas
Brown