Canadian propane prices surge 300% — and could climb higher as U.S. markets brace for 'Armageddon'

CALGARY — While all eyes have been on natural gas, propane prices have been skyrocketing too, thanks in large part to a huge export market for the heating source. Propane, usually produced as a by-product or derivative of natural gas, has jumped in the past three months, with prices in Edmonton up 296 per cent to US$1.40 per gallon from roughly US$0.25 per gallon, according to ATB Capital Markets.-- More...