Wednesday, June 16, 2010

rising propane prices

There is one thing that many people do not realize about propane. Most farmers dry their grain at the end of the season. Failure to do so, means it would enter into the grain elevators wet and turn moldy therefore unfit for consumers. The gas they use in those dryers is propane. Fact is this will impact you. I predict rising propane prices. Also, that this will affect food prices. Well, case in point, food is going up now. It is rising faster than the core inflation rate because people need to eat every single day, but can post pone buying luxuries that are expensive. This will impact the future of propane. Expect it to drive higher as off shore drilling is curtailed and regulations make it more expensive.

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