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The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
As of October 2013, the retail cost of propane was approximately $2.37 per gallon, or roughly $25.95 per 1 million BTUs. [58] This means that filling a 500-gallon propane tank, which is what households that use propane as their main source of energy usually require, cost $948 (80% of 500 gallons or 400 gallons), a 7.5% increase on the 2012 ...
LPG is composed mainly of propane and butane, while natural gas is composed of the lighter methane and ethane. LPG, vaporised and at atmospheric pressure, has a higher calorific value (46 MJ/m 3 equivalent to 12.8 kWh/m 3) than natural gas (methane) (38 MJ/m 3 equivalent to 10.6 kWh/m 3), which means that LPG cannot simply be substituted for ...
The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
Natural gas prices at the Waha Hub in West Texas have been ... Waha prices have been negative a record number of times ... Waha gas closed at -$0.845 per million British thermal units and sank as ...
[56] [57] Autogas use by car drivers can help the United States to reduce dependence on foreign oil as 90% of all U.S. Autogas is produced in the U.S. [58] [59] In 2005, a provision was enacted that placed a 50-cent per gallon tax credit on propane autogas as part of H.R. 4853, making it $1 per gallon cheaper than petrol on average. The ...
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The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
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