U.S. wholesale and retail propane prices were slightly lower on average this winter than last winter, largely because of mild weather and robust propane inventories heading into this winter heating season. Despite lower prices and lagging domestic demand, however, continuing international demand for U.S. propane contributed to large withdrawals and left end-of-winter propane inventories below last winter’s year-end levels. Wholesale propane prices at the U.S. benchmark at Mont Belvieu, Texas, averaged $0.77 per gallon (gal) during the 2023–24 winter heating season. This price was slightly lower than the $0.80/gal ... (full story)