Propane prognostications

Discussion in 'Homesteading Questions' started by tinknal, Sep 27, 2006.

  1. tinknal

    tinknal Well-Known Member Supporter

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    Usually, it's wise to lock in your LP purchases early in the season to take advantage of lower prices. With gas coming down, it seems like conventional wisdom might not be the best bet this year. Any opinions?
     
  2. hillsidedigger

    hillsidedigger Well-Known Member

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    It liable to be a whole new ball game after the first Tuesday in November.

    :rolleyes:
     

  3. PyroDon

    PyroDon Well-Known Member

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    Its always a gamble
    we bywon our gamble last year by locking in Im hoping we win this year by not locking in , so far it would seem we have as the price dropped 20 cents already but as was stated that could all change in Nov.
    If I could Id buy and store myself
     
  4. Southernman

    Southernman Well-Known Member

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    I think you'll see a difference with some company's after 1 Oct, as this is the new fiscal year for some.
     
  5. pasotami

    pasotami Hangin out at the barn!

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    I still believe it will go up in price this winter - just a gut feeling. I do a yearly contract rate but I am able to get the lower price due to the quantity that I buy... only farm that is personally owned and getting commerical rates in this area. So I'm locked into the price, good or bad.
     
  6. Shepherd

    Shepherd Well-Known Member

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    I always call when I'm ready to have it filled, rather than locking in and have been very fortunate to get the best prices. This year I plan to wait a little longer with the prices going down.

    It's always a gamble, isn't it?
     
  7. Jena

    Jena Well-Known Member

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    If the price of propane falls below the contract price, I get the lower price. Can't lose.

    Jena
     
  8. gccrook

    gccrook Well-Known Member

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    Ours is this way also. The lock in only keeps us from paying a higher price. Our is prepaid, but if I don't use it all, then the left over money goes toward next years contract. We've usually been pretty accurate and used it all.