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Assess Costs Everywhere: Texas Tea, Pennsylvania Pinot, and Other Inputs

As I flipped through the TV channels during my youth, a catchy tune often beckoned me “to listen to a story ‘bout a man named Jed.” Jed and his fictional Clampett family got rich and moved to Beverly Hills, CA after selling the rights to drill for the Texas tea (crude oil) on their land. Yesterday’s yarns about petroleum parallel today’s narratives about natural gas. Natural gas has created billionaires in the Bayou and natural gas millionaires in Pennsylvania and other states with shale gas deposits.

Residential Propane Price Analysis Interim Report

Pursuant to the requirements of the Propane Education and Research Act of 1996 (PERA),[1] the Department of Commerce (Department) is required to analyze changes in propane prices relative to other energy sources. This interim report comes 180 days after the latest report found that propane prices exceeded a threshold established by PERA. This report presents the relevant price data and concludes that in 2008 propane prices still exceeded the threshold established by PERA. As a result, certain activities of the Propane Education and Research Council (Council) continue to be restricted.

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