Propane is a gas at normal temperatures and pressures, but it may be compressed into a liquid for transportation. It’s a byproduct of natural gas processing and petroleum refining that’s commonly utilized as a fuel in both home and commercial settings, as well as low-emission public transportation. Due to its low boiling point, it vaporizes as soon as it is released from its pressurized container, making it a popular choice for barbecues and portable burners.
The price of propane is influenced by a number of factors, including:
- Prices of crude oil and natural gas
- Proximity to a source of supplies
- Because propane is a byproduct, its production amount cannot be altered in response to variations in demand or price.
- Weather
- Demand peaks and valleys
With this in mind, staying up to speed on propane rates will almost certainly be useful in future transactions if you decide to engage in it. This information is difficult to maintain though because the market changes so swiftly and abruptly. For this, an API is highly recommended, which is an interface that connects two computers and allows them to interact with one another.
With this method, you could acquire real-time data on a wide range of items and rates. Even if you aren’t aware of it, it is used in a number of industries and websites. You can use an API to get prices for a variety of commodities and get them nearly instantaneously.
As previously said, you should look for a propane pricing solution that offers an API. However, you should keep in mind that not all of them work in the same way. As a result, attempting to identify the perfect one for you by trying 50 different ones may be a waste of time and money. Commodities-API is one of the most extensive and dependable sources for propane rates, thus we strongly recommend it.
Commodities-API
Commodities-API is a piece of software that displays ethanol information in real-time. It can update once every 10 minutes or once every 60 seconds, depending on the plan. It also gives historical information, allowing you to reflect on prior situations and plan future actions.
Commodities-API supports rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a variety of other commodities and currencies. This method may be used to obtain real-time data on a range of commodity rates.
This API also provides midpoint data, which is calculated by averaging the median bid and ask rates over a certain period of time. Currency and commodity price conversions use the same API endpoints, and they may convert any amount from one currency to another, one commodity to another, or one quantity to another.
To get the information, you have to:
1. Sign in to www.commodities-api.com to obtain your API key.
2. Look for the symbols of Propane and Euro (EUR)
3. Once you have both of them, insert them and make the API request.
4. The software will provide you with a reply in JSON that will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "EUR",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
After that, you may take the data from the website and utilize it as you like.
Is this information trustworthy?
Absolutely! This program uses an API to get data from banks and the stock market, making it completely trustworthy. The information is then provided with an accuracy of two decimal points and may be adapted to JSON, PHP, and Python. To keep your connection safe, Commodities-API employs bank-grade 256-bit SSL encryption.
Also published on Medium.