After one of Iowa’s coldest weekends in years, an industry expert says the price for one product many Iowans use to heat their homes is holding steady. Harold Hommes, a fuels analyst with the Iowa Department of Agriculture, says the latest fuel report is very encouraging.
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Hommes says the price of propane is expected to remain the same this winter, which is a far different story from the winter of 2013-14 when the propane price saw a dramatic rise. By comparison, he says this two-cent boost in the past week is almost nothing.
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In January of 2014, Iowa hit a record high for propane at just over five dollars a gallon. Prices now are about one-fifth that. It’s estimated 67-percent of Iowans use natural gas to heat their homes, 15-percent use electricity and 14-percent use liquid propane.