Oversupply Drops Lp Gas Prices. Time To Contract For Corn Drying?

By Mike McGinnis

U.S. liquid propane gas inventories are building, pushing the market lower, offering farmers an opportunity to lock in fall and winter heating supplies.

While industry expert’s opinions differ on when is the best time to contract LP gas, traditionally the summer months provide farmers that shot at buying the dip in the market.

In its weekly report Wednesday, the Energy Information Administration (EIA) indicated that propane/propylene inventories increased by 3.2 million barrels last week and are about 9% above the five year average for this time of year.