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Grillers Rejoice as U.S. Shale Boom Sends Propane to 13-Year Low

2015-06-25 04:41:15| Oil & Gas - Topix.net

Propane inventories have soared to the highest seasonal level in more than 30 years, sending prices in Texas to a 13- year low and forcing sellers in Canada to pay people to take it away. The bargain-basement price is a byproduct of the U.S. shale boom, as record production of natural gas has doubled the supply of propane, commonly used for heating, crop-drying and cooking.

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