Propane is a liquefied petroleum gas (LPG) commonly used as a fuel for heating, cooking, and transportation. Its price is influenced by various factors, including global supply and demand, crude oil prices, and geopolitical events.
In recent years, the price of propane has been relatively high due to increased demand and supply chain disruptions. However, factors such as increased domestic production and the potential for a global economic slowdown in 2023 could contribute to lower prices in 2025. Additionally, government policies aimed at promoting renewable energy sources may also impact propane demand and prices.
