Hours of Service Waivers Extended to Meet LP Demand

November 11, 2013 08:42 AM
 

Hours of Service Waivers have been extended to meet extraordinary LP demand in several Corn Belt states. Prices moved 5 3/4 cents higher in this week's regional average reported to the Inputs Monitor, but some states reported very strong increases to the statewide propane price delivered to farmers.

Indiana added 12 cents to last week's LP price while Michigan add 31 cents and Minnesota 36 cents. Wet weather is partially to blame. The Northern third of the Corn Belt has already had headline making precipitation events and as a late planted crop comes in bigger-than-expected, most of this year's crop will have to run through the dryer before storage or marketing.

Hours of Service Waivers allow delivery truck drivers to stay on the road longer in times of emergency, and this year, waivers have been on the books since as early as October 23. News comes today that Illinois, Indiana, Iowa, Minnesota and Wisconsin will extend Hours of Service Waivers in their states.

Propane supplies remains strong, however and as drivers and suppliers scramble to answer heavy on-farm demand, the overtime has started to show up in retail LP pricing. Waivers in Iowa, Wisconsin and Montana will last through the end of this week while other states will be under waivers until after Thanksgiving.

The table below is based on data from the National Propane Gas Association.

States
Effective Dates
Current LP Price
Illinois
10/28-11/20
$1.75
Indiana
11/1-11/20
$1.77
Iowa
10/25-11/14
$1.55
Minnesota
10/23-11/22
$1.63
Montana
10/24-11/14
$2.00
Nebraska
10/26-11/24
$1.51
North Dakota
10/23-11/22
$1.42
South Dakota
10/23-11/30
$1.38
Wisconsin
10/25-11/15
$1.63

 

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