Ryan Dezember
speaker
644 appearances
11 recordings
1 series
first heard May 2018
last heard Jun 2024
Ryan Dezember’s voice in public audio — every appearance, attributed to the second.
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Appearances
but not so significant that the average person would see it in their bills.
Prices have basically never been this high this time of year.
And now this time of year, of course, is when a lot of people are thinking about propane because they're filling up their grill tanks and their, you know, their outdoor heaters, maybe their pool heaters use propane.
Thanks for having me.
So propane, unlike oil, demand remained steady throughout the pandemic.
It didn't plunge.
And the reason for that is around the world, a lot of people use it for cooking at home.
And of course, being at home meant people were cooking just as much as ever.
They were also heating their homes a lot more because they weren't going to work for those that use propane as a heating fuel.
The other big thing that happened is in recent years, the abundance of propane that has hit the market because of the shale boom in the U.S.,
has prompted chemical makers in Asia to build factories that specifically use propane to make plastics.
A lot of older facilities can toggle between different feedstocks, depending on price.
A lot of these new facilities only use propane.
And they're such big machines and factories, they didn't shut down during the pandemic because they're really hard to get started.
So demand really remains steady around the world, while other types of petroleum demand decline.
So propane is used by a lot of by millions of American households, usually rural households off the sort of natural gas grid, and they use it for heat.
They're going to be the most affected because they're coming out of household budgets.
You know, if your fuel bill is twice, it might not translate to twice in retail prices.
But the commodity, the wholesale price is twice what it used to be this time of year or what it has been in recent years.
So you have households.
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