Propane prices putting customers in a pinch - KAIT Jonesboro, AR - Region 8 News, weather, sports

Propane prices putting customers in a pinch

PARAGOULD, AR (KAIT) – Several customers have seen an uptick in the price of propane. The average cost is about $5.00 a gallon, when just last week the average cost was $3.00 a gallon.

Island Energy President, Hardy Thompson, said there are several factors to this propane shortage, pipeline issues, exporting propane to foreign countries with a higher price point and farmers in the Midwest using up to five times more propane than usual.

"That impacted the inventory levels going into winter," said Thompson.

Propane prices compared to this time last year show a big difference. Thompson said the harsh winter isn't making things easier.

"The winter does play a role in it and it's created a shortage, which creates hardship for people when it's cold outside," said Thompson.  "I really expect the supply and distribution issue to be over within four or five weeks."

To save some money Thompson suggests making sure your home is well insulated.

"The best thing I can tell them is if their using propane as their primary heat source, if you don't have to buy gas right this minute, wait as long as you can before you buy it," said Thompson"They'll see the price come back down."

For ways to weatherize your home click here.

The Missouri attorney general's office will investigate rising propane prices and a possible shortage of the gas. Click here for the story.

Copyright 2014 KAIT. All rights reserved.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Memorial Day event to help veterans suffering with PTSD

    Memorial Day event to help veterans suffering with PTSD

    Sunday, May 27 2018 4:58 PM EDT2018-05-27 20:58:44 GMT
    Sunday, May 27 2018 5:32 PM EDT2018-05-27 21:32:27 GMT
    SPC. Steven Tyler Redmon served his country in Afghanistan. (Source: Darrin Moore)SPC. Steven Tyler Redmon served his country in Afghanistan. (Source: Darrin Moore)
    SPC. Steven Tyler Redmon served his country in Afghanistan. (Source: Darrin Moore)SPC. Steven Tyler Redmon served his country in Afghanistan. (Source: Darrin Moore)

    SPC. Steven Tyler Redmon would have turned 26 years old on May 28, 2018. His mother will pass out cupcakes at the fifth annual memorial roping event to remember him. The benefit raises money to provide for mental health counseling at the ASU Beck PRIDE Center for America's Wounded Veterans. 

    SPC. Steven Tyler Redmon would have turned 26 years old on May 28, 2018. His mother will pass out cupcakes at the fifth annual memorial roping event to remember him. The benefit raises money to provide for mental health counseling at the ASU Beck PRIDE Center for America's Wounded Veterans. 

  • Memphis organization makes reading food menus easier for the visually impaired

    Memphis organization makes reading food menus easier for the visually impaired

    Sunday, May 27 2018 2:34 PM EDT2018-05-27 18:34:13 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Memphis is a city where food is major ingredient of the culture. 

    Memphis is a city where food is major ingredient of the culture. 

  • "End of the line" for Jonesboro paraprofessional announcing retirement

    "End of the line" for Jonesboro paraprofessional announcing retirement

    Saturday, May 26 2018 4:58 PM EDT2018-05-26 20:58:36 GMT
    Sunday, May 27 2018 1:04 PM EDT2018-05-27 17:04:22 GMT
    Willene Downs working the car-rider line at VPA Magnet School. (Source: KAIT-TV)Willene Downs working the car-rider line at VPA Magnet School. (Source: KAIT-TV)

    Willene Downs leaves behind a legacy of laughter, hugs on the playground, "sparkly hair" and bold instruction for the car rider lines.

    Willene Downs leaves behind a legacy of laughter, hugs on the playground, "sparkly hair" and bold instruction for the car rider lines.

Powered by Frankly