As the nation’s largest online propane marketplace, Propane.pro, has seen first hand the personal and economic damage wrought by the recent propane shortage. The company’s founder, Andrew Heaney, is calling on the Federal Government to fund the creation of a Strategic Propane Reserve to ensure a dangerous shortage never happens again. “In 2000, the Northeast […]
The warmest winter on record since 1950 is good news for homeowners who are paying lower winter heating bills than last year. But the unseasonably mild temperatures are hurting energy companies, many of which are laying off staff because of slow business, walb.com reports. And in a bitter irony, some propane suppliers are warning they could […]
US propane inventories have fallen for the fifth straight week to continue their seasonal draw with residential prices edging slightly higher. Figures released by the US Energy Information Administration show national propane reserves shrunk by one million barrels in the week ending December 30. There are now 55.2 million barrels of propane gas in storage […]
The winter heating season is starting to chip away at national propane inventories which have posted declines for two consecutive weeks. Figures released by the Energy Information Administration yesterday show reserve propane stocks took their biggest hit of the season last week, dropping 600,000 barrels. There are now 59.6 million barrels in storage – the […]
Temperatures may be falling, but propane inventories have posted a large build in the last week, adding 1.2 million barrels. Figures released by the Energy Information Administration show total US reserve propane stocks ended the week at 60.3 million barrels – the equivalent of 58.6 days’ supply. In contrast there were 64.4 million barrels in […]
National propane stocks rose again in the last week, adding 1.1 million barrels to inventory reserves. As of July 29, the US had 49.4 million barrels of propane in storages. That’s the equivalent of 67.8 days’ supply at current usage levels. In comparison, there were 55.1 million barrels in storage this time last year – […]
In an eco-conscious effort to use cleaner fuels, the Kenyan government announced plans to triple the country’s LPG usage by 2012, according to a recent report from Capital Business. Kenya currently consumes around 8,000 tons of LPG every month, and will need to increase storage facility capacities, distribution, and infrastructure to meet this goal. “This […]
US propane inventories have posted their eighth-consecutive weekly build, adding 1.1 million barrels. Figure released Thursday by the US Energy Department show national propane stocks rose to 35.7 million barrel in the last week. There are now the equivalent of 42 days’ supply in storage. At the same time last year there were 45.1 million […]
Propane stocks have risen for the sixth consecutive week, adding 1.2 million barrels. Figures released Thursday by the Energy Information Administration show US propane reserves stood at 32.8 million barrels last week – the equivalent of 38.8 days’ supply. At the same time a year ago the nation had 41.7 million barrels in reserve, or […]
Propane inventories have posted their fifth-consecutive weekly build, adding 1.1 million barrels in the last week as temperatures warm. The figures were released Wednesday by the Energy Department’s Energy Information Administration. Propane stocks grew to 31.6 million barrels – the equivalent of 37.5 days worth of supply. At the same time last year, there were […]