Other factors will affect the ups and downs of residential propane prices, too, two of these include supply and demand. Propane tends to be in high demand when it is unusually cold and in the winter, so its prices may spike up until LPG suppliers are able to cope with the increased volume of customers. Where you are can be a factor that may influence the price you would have to pay for propane, too. Naturally, if you live far from the source, you might have to expect a higher deliver charge. Hence, be sure to buy propane from a local supplier or a provider that is nearest to your location.
Residential propane prices can depend on the LPG supplier or retailer, too. When comparing prices between providers, always ask for a breakdown of expenses, so you know exactly what you are paying for. Some of the most common fees you will have to pay for are automatic delivery and the fees associated with your payment plan or fixed prices for a given amount of time. Factors like tank rental, emergency services, and system leak tests may add up to the total cost of propane, too.
To protect your budget from sudden price hikes, consider signing up for a residential propane plan that budgets your monthly costs with equal monthly payments. Some propane providers offer a free and optional monthly payment plan for the whole upcoming year when you sign up for an adjustable monthly payment program, which adjusts residential propane prices based on your actual usage and propane prices.