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Propane shortage: Prices rising as winter could become harder

A shortage of propane is leading to higher prices and a colder winter.
A shortage of propane is leading to higher prices and a colder winter.

A propane shortage is causing a lot of problems, and that especially holds true for the northeastern United States as they prepare for another major winter snowstorm along with seriously cold weather. WWLP reported on Jan. 21, 2014, that the propane shortage is going to hit the majority of the country and cause a severe jump in prices.

It is expected that prices during the propane shortage could go up to $3.50 per gallon before leveling off. Prices spiked to an average of $2.86 per gallon last week.

The shortage should come as no big surprise as the bitter cold weather that has hit the country for much of the year called for extra propane to be purchased. A cool and wet fall also had farmers running crops through dryers that needed to be powered.

Experts are putting the blame on the "polar vortex" and deliveries to replenish the supply or propane have been hampered by the bad weather.

Just last week, some customers in New York were paying $3.28 a gallon for propane. That is a full 20 percent higher than this same time last year.

The propane shortage could really cause problems as temperatures are expected to be 10 to 25 degrees below average starting on the night of Tuesday, Jan. 21, 2014. below freezing temperatures could reach as far south as Memphis, TN.

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