Wake me up when they tart running natural gas lines out into the countryside. Propane is a killer of household budgets....
Recently on FR there was an article posted which pointed out that part of the downward pressure on NG prices was, ironically, due to the high price of propane. The point being, that oil companies drill for propane - and find themselves with a lot of NG easily produced for low marginal cost. So the fact that they drill for propane increases NG production, thereby putting downward pressure on the NG price.The other thing that holds down the NG price, unfortunately for you, is the high capital cost of distributing NG “out into the countryside.” NG is a wonderful fuel, if you are a stationary application close to a pre-existing NG pipe. I’m buying a house, and the fact that it is heated with NG was a selling point for me. So at least you don’t have to worry about me bidding up the price of propane . . .