A major side effect of the shale gas revolution was the explosion of LPG production. The volumetric increase in propane and butane production had the same effect on North America as it did on natural gas.
North America went from being an importer to a major exporter of LPG with propane being the crucial component of automotive LPG, also called Autogas. So now North America is playing the role of the world's leading supplier of LPG.
A curiosity: almost 97% of the propane/LPG consumed in the United States is produced in North America.
In this scenario, the retail price of LPG is behaving in a stable manner, maintaining a price stability not seen in other traditional fuels.
LPG prices in the last decade in North America have grown in a measured way while the prices of other transport fuels have doubled.
The price of LPG Autogas in North America in
LPG Price News from around North America
April 6, 2021.
According to the update from Heating Oil and Propane, the price of propane in the United States was $2.30 per gallon (gal) as of March 29, which was an increase of nearly 43 cents per gallon from the same period last year. . last year. The median price of propane in the United States increased more than 52 cents per gallon, or 30%, during the 2020-2021 season, which began on October 1 and ended on March 31. The price increase can be mainly attributed to the rise in crude oil. prices, seasonal declines in propane inventories, and increased global demand for U.S. propane exports. This price change was the largest intra-season increase in residential propane prices since the 2013-2014 season, when Propane markets contracted due to a polar vortex and low inventories.
According to the US Census Bureau's 2019 American Community Survey, propane tends to be more common in the Northeast and Midwest.