(LANSING, MI.)–Michigan’s propane customers are advised to lock in fuel prices now, well ahead of the heating season, says the Michigan Agency for Energy (MAE).
“While U.S. propane stocks are slightly higher than last year’s levels at this time, they are 27 percent below levels seen in 2016,” said Anne Armstrong Cusack, MAE executive director. “It is wise to sign contracts soon – instead of waiting until the winter when demand is higher. Acting now can result in significant savings.”
More than 8 percent of Michigan households use propane as their primary heating fuel, and the state leads the nation in total residential propane consumption.
To assist propane customers with their decisions, MAE’s propane consumer tips sheet has useful advice on selecting a propane provider, such as:
- The advantages of budget plans, pre-pay plans and fixed-price plans compared to market prices
- Being aware of fees and other charges, in addition to the cost of propane
- The customer’s safety and maintenance responsibilities when owning a propane tank, compared to renting or leasing a propane tank.
More tips, including a list of helpful questions to ask before signing a contract, are also covered MAE’s propane consumer tips sheet.
While propane prices are not regulated, MAE does monitor supplies and makes available weekly, statewide average residential prices on its website during the heating season, beginning Oct. 1.