Liquefied petroleum gas users may expect another round of price decrease next month, according to LPG supplier Wushin Corp. <\/p>\n
After the company slashed prices by $0.45 last Nov. 27 as post-Thanksgiving and pre-Christmas present to the island\u2019s LPG users, Wushin said worldwide trends point to another price decrease in January 2009.<\/p>\n
\u201cThere might be a price change\/decrease by January 2009 because of the world market trend but it [is not sure] because it all depends on the shipments of [the] LPG mother vessel to Guam and the schedule. Let\u2019s just hope there will be more of the price reduction,\u201d the company said in a statement.<\/p>\n
Price trends from Saudi Aramco shows that the cost of LPG is at its lowest levels for the year.<\/p>\n
March 2008, which is the earliest baseline month available, saw the bulk cost of propane at $820 and that of butane at $825. It was at its highest level in July 2008, when propane hit $905 and butane $950.<\/p>\n
Prices began to dramatically decrease starting November 2008 when it was pegged at $490 for both propane and butane. Currently (December 2008) the bulk cost of propane is $340, while that of butane is $335.<\/p>\n
The company\u2019s recent decision to slash prices resulted in the cost of the 90-gallon LPG cylinder dropping from $114.50 to $106.50, the 50-gallon LPG cylinder from $67 to $62, the 40-gallon LPG cylinder from $56 to 52, and the 20-gallon LPG cylinder from $29.75 to $27.75.<\/p>\n
Wushin also clarified that the price of LPG is not tied to the wet fuel price (diesel and gas), because \u201cno matter what the pump price [are], it will not determine the price of LPG except for the landing cost of which fuel price affects the cost of freight and handling, particularly fuel surcharges.\u201d<\/p>\n
Wushin is a wholesaler of LPG for commercial purposes, sells LPG cylinders for residential customers, and is a retailer of LPS accessories. The company also offers LPG connection and installation services. For more information about Wushin, call 322-7415 or 322-8733.<\/p>\n","protected":false},"excerpt":{"rendered":"
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