Butane prices rise 8 to 9 dollars per 100 pound tank

Published by BBNTEAM at October 12, 2021

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Butane prices rise 8 to 9 dollars per pound

Posted: Tuesday, October 12, 2021. 6:05 pm CST.

By Aaron Humes: The price of liquefied petroleum gas (LPG) has risen again for the second time in two weeks, as per notice from the Belize Bureau of Standards.

This time the price rise is by 38 cents per gallon or 8 to 9 dollars per 100 pound tank, depending on whether you are in rural or urban areas.

The new prices are as follows: $4.75 per gallon wholesale, $6.35 per gallon retail in the municipalities and $6.45 in the rural areas.

Most are used to measuring by the pound, so in urban areas, the price is $1.44 per pound, and in rural areas $1.47. A typical hundred-pound cylinder will thus cost you 144 dollars in urban areas and 147 in rural areas.

The Bureau blames a combination of factors including rising heat on the U.S. West Coast and production issues on the Gulf Coast attributed to hurricane Ida, as well as rising worldwide demand for natural gas.

However, prices have been on a steady upward march, save for seasonal reductions, since the creation of the National Gas Company Limited last year despite hopes of lower prices due to a change in acquisition methods.

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