The man who heads the country’s biggest propane marketing company will step down on March 2. Eugene Bissell has led AmeriGas Propane Inc., the general partner of AmeriGas Partners LP, as CEO and president since being promoted 11 years ago. But in a statement last week the company confirmed Bissell, 58, would retire in less […]
National propane stocks tumbled nearly two million barrels last week but inventories are in good health thanks to a relatively warm winter and weak demand. The average residential per gallon price of propane nudged slightly higher in the last week but relative prices are only 5 cents a gallon higher than at the same time […]
Federal regulators have issued a recall alert for more than 4500 O-Grill portable propane grills because the barbecues pose a potential fire hazard, upi.com reports. The gas appliances are manufactured by Uni-O Industries Corp in China. The Consumer Product Safety Commission (CPSC) said the grills could leak propane and ignite. It said the Chinese firm […]
One of the country’s major propane retailers has just completed a $30.5 million-plus acquisition to extend its reach into the western states, thestreet.com reports. In a statement this week, NGL Energy Partners LP announced it had acquired the assets of Pacer Propane (“Pacer”) in exchange for $30.5 million in cash plus net working capital and […]
Connecticut lawmakers have renewed calls to end state regulations that prohibit propane tank refueling by anyone other than a tank’s owner, Stamford.patch.com reports. Most home propane tanks are owned by the gas supplier. So the state regulation forces homeowners to buy propane from a single gas company and stops gas customers seeking lower rates elsewhere. […]
Plans for a giant $40 million liquid propane tank in Maine have sparked protests by concerned residents, bangordailynews.com reports. DCP Midstream wants to the build the 138-foot-tall propane terminal at Searsport. The project was signed off by the Maine Department of Environmental Protection earlier this year. Though Maine is a big heating oil user, the […]
Connecticut state officials have warned propane dealers they could be in breach of antitrust laws for failing to refill competitors’ tanks, ctwatchdog.com reports. Governor Dannel.P.Malloy signed an executive order earlier this month designed to ensure households could get access to propane gas in the aftermath of unseasonable autumn snow storms. The order temporarily suspended a […]
A Wisconsin recycling plant is warning residents to dispose of propane tanks safely after finding dozens of full gas canisters dumped in its metals collection, jsonline.com reports. Waukesha County recycling plant manager Jim Lewis said residents had tossed full and partially-full propane bottles into their recyclables – with 55 propane bottles pulled from the metals […]
Average residential propane prices remained relatively flat in the last week but national propane inventories posted a slight build. Figures released yesterday by the US Energy Information Administration show propane prices ended the week 37 cents higher than at the same time last year. Wholesale propane prices were down seven cents a gallon. The EIA […]
Cold weather rules to protect low-income energy consumers are kicking in across the country as the heating season gets into full swing. Minnesota’s Cold Weather Rule took effect on Saturday and runs through until April 15, istockanalyst.com reports. Before a utility such as gas, oil, propane or electric can disconnect service, the company must try […]