Why Your Energy Bills Are Going Up

Why Your Energy Bills Are Going Up

Written on: January 10, 2022

propane prices kentuckyOnce again, we’re seeing energy prices surge across the board. We know how difficult that can be for our customers. It’s difficult for us as well, but at Midwest Gas, we do our best to keep our propane prices as low as possible.

What’s Going On?

Gasoline has risen more than a dollar more per gallon vs. a year ago. Natural gas prices have skyrocketed more than 150%. Crude oil prices have climbed above $80 per barrel, a level we haven’t seen in seven years.

The cost of electricity has not been spared either. Higher natural gas prices result in price hikes for wholesale electricity because of heavy reliance on natural gas-fired power plants.

What’s more, wholesale propane prices have hit their highest weekly average levels since February 2014. Read more about the factors that are driving today’s energy market.

What We’re Doing

People sometimes misunderstand how negatively all this impacts us as well. We don’t make more money when prices rise like this–we make less. Think of it this way: it’s like when the cost of coffee, milk or orange juice rises. It’s not the local grocery that is profiting. (That’s left to the Wall Street investors). Our customers have a harder time paying their bills. They reduce expenditures. We need to tap into our lines of credit more. Our phones light up with questions. So, the sooner energy prices drop, the happier we’ll all be.

In the meantime, please talk to us about things we can offer to help you reduce your energy costs, or handle payments more easily. Our Autofill delivery program can save you up to 15 cents per gallon over Will-Call. Our Budget payment plan can make paying for a propane delivery more manageable with consistent monthly payments. If you are having trouble with your bills, please call us at 859-441-8112. We can generally work with you if you reach out before you fall behind.

Trust Us to Come through for You

With more than 75 years in business, Midwest Gas has a wealth of expertise and experience. We are locally owned and operated with deep roots in the Northern Kentucky and Greater Cincinnati community. We know how to maintain a constant and dependable supply of propane and have long-term partnerships with our suppliers. We are doing everything possible to ensure we can deliver—even if other companies cannot—no matter the cost or difficulty we face.

We thank you for your understanding and we appreciate your loyalty. As we’ve done quite a few times in the past, we will get through these tough times by all working together.