Warmer weather and a tough operating environment have weighed on the first quarter financial results of another major propane company. Suburban Propane Partners, LP, has issued its results for the three months to December 31. Company spokesman Mike Dunn said many areas of the country had experienced record warm temperatures so far this heating season […]
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. […]
After falling for three consecutive weeks, propane inventories have posted another build on milder temperatures and weaker demand. But the average residential price of propane gas added almost one cent a gallon in the last week. Total US reserve propane stocks grew by 400,000 barrels in the last week to close at 59.8 million barrels – […]
Propane inventories fell again last week but the average residential price climbed slightly on higher winter heating season use. Figures released yesterday by the US Energy Information Administration show national propane reserves fell by 200,000 barrels –third consecutive weekly draw. There are now 59.4 million barrels in storage – the equivalent of 51.6 days’ supply. […]
Inergy, LP, one of the country’s largest propane retailers, purchased an underground salt cavern facility near Seneca Lake outside Watkins Glen, NY, capable of holding approximately 2 billion cubic feet of liquid propane gas, MarketWatch reported. Salt caverns are ideal for storing propane because they’re huge and essentially impermeable. The acquisition originally faced opposition and […]
National propane stocks have continued their climb, adding 1.6 million barrels in the last week. But issuing its weekly petroleum inventory figures yesterday, the US Energy Department said propane reserves were still lagging behind last year’s levels – despite posting increases for the last 14 consecutive weeks. As of July 22, the US had 48.2 million […]
US propane stocks have posted their biggest increase this season, jumping by 3.1 million barrels in the last week. Figures release yesterday by the Energy Information Administration show propane inventories stood at 44.6 million barrels for the week ending July 8 – the equivalent of 65.6 days’ supply. At the same time a year ago […]
US propane inventories have posted another large build – now notching up their eleventh-consecutive weekly increase. Figures released Thursday by the US Energy Information Administration show propane stocks increased by 2.3 million barrels in the week ending July 1. There are now 41.5 million barrels of propane gas in storage nationwide – the equivalent of […]
Enterprise Products Partners L.P. announced its plan to expand its operation in propane’s powerhouse town Mont Belvieu, Texas, with a new fractionation facility. Slated to be ready for operation in 2013, administrators expect the new facility will enable Enterprise to fractionate over 450,000 barrels per day at its Mont Belvieu complex alone. “The additional capacity […]
National propane inventories posted a large build in the last week, adding 1.8 million barrels. Figure released Thursday by the US Energy Information Administration show propane stocks rose to 37.5 million barrels in the week ending June 17. There are now the equivalent of 45.6 days of propane supply in storage. At the same time […]