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sources. However, this transition poses significant ply and demand dynamics, geopolitical events, and
threats to grid security, as renewable sources such as weather patterns among others. As we brace for the
wind and solar often fail to prevent electricity short- colder months, staying informed on these price trends
falls during inclement weather or peak demand. The is crucial for budgeting and making informed heating
assessment recommended the continued inclusion of choices for your home.
thermal fuels in order to deliver the necessary supply NPGA solely provides EIA data; all numbers
of electricity under energy-constrained conditions. It reported are sourced directly from the Energy Infor-
should also be noted that electricity peak demand and mation Administration (EIA). To view the report in its
energy growth forecasts over the 10-year assessment entirety, click here. For questions or comments on the
period are higher than at any point in the past decade, report, please contact Twana Aiken, NPGA Senior Man-
which is primarily attributed to electrification and pro- ager of Industry Affairs.■
jections for growth in electric vehicles.
In short, while the assessment is extensive and NPGA's 2024 Winter Board meeting
weighs varying scenarios with multiple assumptions, Registration is now open for the 2024 Winter
it is clear that conventional fuels are necessary for Board meeting. The Board meeting is open to ALL
maintaining the grid not only during peaking demand, NPGA members. Join NPGA at the Monterey Plaza
but during normal demand as well. The inclusion of Hotel & Spa in Monterey, California, February 6 – 8,
low-carbon fuels, such as propane, takes strain off of 2024. Click HERE to Register for the Board Meeting.
the grid during unexpected peak demand times due to Members are responsible for reserving their
inclement weather, and provides the grid with needed own accommodations at the Monterey Plaza. The ho-
reliability. For more information, please contact NPGA’s tel is offering participants various rates with a limited
Manager of State Government Affairs, Austin Wicker.■ number of each option. The NPGA block rate will be
available until Friday, January 12, 2024 or until the
U.S. Energy Information Administration Heating Oil block is sold out. To book your room: Click HERE to
and Propane Update Reserve Online or call hotel reservations at: 800-334-
According to the latest Heating Oil and Pro- 3999 and requesting the ‘NPGA Board of Directors
pane Update from the U.S. Energy Information Ad- Meeting’ rate.■
ministration (EIA), there are mixed trends in propane Register for NPGA District Breakouts in January
prices across different regions in the U.S. The U.S. Join other NPGA marketers in the upcoming
average for residential propane stands at $2.458 per district breakout meetings, where members share and
gallon, marking an increase of $0.018 from the pre- discuss legislative or regulatory challenges and/or op-
vious week. However, when compared to last year, portunities confronting the industry in your state. This
there's a notable decrease of $0.217. On the whole- open forum allows others within the district to learn of
sale front, the U.S. average price is $0.885 per gallon, issues in neighboring states and share ideas and poten-
with a minor decrease of $0.009 from the preceding tial solutions based on their experience.
week, and a $0.012 decrease from the previous year.
District breakout sessions will take place via
Regional variations are also evident. For Zoom January 18 – 25, 2024, prior to the Marketers
instance, residential propane prices in the East Coast Section meeting in Monterey, CA on Wednesday,
(PADD 1) average at $3.285 per gallon, while the February 7, 2024. Please click the Zoom link for your
Midwest (PADD 2) enjoys a lower average of $1.985 district on the agenda here and download the calen-
per gallon. Similarly, wholesale propane prices ex- dar reminder. At the upcoming Marketers Section
hibit regional disparities; the Central Atlantic (PADD meeting, we will have a panel discussion on propane
1B) records a higher average of $0.991 per gallon as forklifts and discuss state efforts to curtail propane’s
opposed to the Gulf Coast (PADD 3) with an average forklift market share.
of $0.841 per gallon. These fluctuations in propane
prices underscore the dynamic nature of the fuel Questions? Please contact NPGA’s Senior Man-
market, influenced by various factors including sup- ager of State Association Relations, Eric Sears.■

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