Phillips Faring Well During Propane Supply Troubles
As you may have noticed, this winter has been cold - at least by southeastern Virginia standards. Not only that, it's been colder, longer. And there's been snow (today is a prime example)!
It’s not just us. This has been a weather trend nationwide. In fact, the prolonged cold blasts across the country have led to a propane shortage on already low inventories, energy officials say.
Those in the mid-west have felt the brunt of the shortage with rising prices – at one point the wholesale price rose nearly 50 percent in one week – and suppliers limiting quantities to residential customers to ensure they can meet the needs of everyone.
The effects of the shortage are starting to reach as far east as Tennessee for some suppliers.
Fortunately, at Phillips Energy, we are not experiencing supply troubles and our pricing has remained relatively flat. We are continuing to adjust our supply needs forecasting based on a level of cold that we have not seen in several years. We are confident that your propane supply needs will be met by Phillips Energy!
We can use your help to ensure your supply is continuous and without interruption. Some uses of propane are a little more difficult to forecast, so you will want to check your tank for fill level and let us know if you have any concerns. Also, it’s always a good idea to make sure you are running your systems as efficiently as possible.
Need some tips?
- Protect against drafts by caulking and weather stripping around doors, windows and other openings.
- Inspect, tune up, and change filters on furnace systems regularly. A well running system is more efficient.
- Turn down the temperature on your water heater if set over the standard 120 degrees. A 10 degree reduction results in an 8 percent savings.
- If you have programmable thermostats, make sure you are using them.
Thank you for your continued confidence in Phillips Energy. We truly appreciate your business and strive to ensure you are all comfortable in your homes and businesses!