Canadian propane prices surge 300% — and could climb higher as U.S. markets brace for 'Armageddon'

Canadian propane prices surge 300% — and could climb higher as U.S. markets brace for 'Armageddon'
"CALGARY — While all eyes have been on natural gas, propane prices have been skyrocketing too, thanks in large part to a huge export market for the heating source....prices in Edmonton up 296 per cent to US$1.40 per gallon from roughly US$0.25 per gallon, according to ATB Capital Markets.
...Propane prices have recently hit a 7.5-year high and are on course for their strongest rally since 2009, according to Bloomberg. IHS Markit recently warned the U.S. propane market could face “Armageddon” this winter, as certain U.S. markets are expected to run short this winter...Read all.