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Propane prices drop from record-highs

Propane
Propane

UNDATED (WSAU-Wheeler News)  Propane fuel prices are dropping in Wisconsin. But they're still higher than a month-a-half-ago.

The state energy office said yesterday that a gallon of propane has dropped to $3.43-a-gallon -- down from the five-dollar-plus range in mid-January. Federal officials said Wisconsin's average price as of last week was $3.68-a-gallon. The next federal update won't come until Thursday.

Prices were as low as $2.19-a-gallon on January 6th -- the first day Wisconsin had 50-below wind-chills this winter.

Meanwhile, state Republicans have introduced a loan program to help middle-income households buy propane and other heating items. Individual loans would be limited to $2,500, and the borrowers' incomes could not be higher than 200-percent of the median incomes in their home counties. Marinette Republican John Nygren is the lead authority of the Assembly bill. Hazelhurst Republican Tom Tiffany is the chief Senate sponsor. The proposed loan program is headed to the Legislature's Joint Finance Committee.

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