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 […]
A Virginia organization that helps vehicle fleets switch to clean-burning propane is launching a new scheme to ensure the safe maintenance and repairs of propane autogas vehicles. As more American fleets hit the road with alternative fuel, US automotive workers need the technical expertise to safely and effectively maintain them, marketwatch.com reports. So Virginia Clean […]
Warmer weather and sluggish demand for heating fuel has seen one of the nation’s retail propane giants post lower first-quarter sales figures. AmeriGas Propane Inc, general partner of AmeriGas Partners LP, reported net income of $42.5 million for the first fiscal quarter of 2012 – compared with $74.9 million for the same period last year, […]
Propane inventories continue their seasonal slide, posting a 1.1 million barrel decline in the last week, with prices residential nudging slightly higher. Figures released Thursday by the US Energy Information Administration show total reserve propane stock fell to 53.2 million barrels in the week to January 13 – the equivalent of 38 days’ supply. A year […]
A mild start to winter has helped cut demand for propane as folks use less fuel to keep warm. The unseasonable temperatures are good news for propane customers and have forced the Energy Information Administration to lower its winter price forecast, nasdaq.com reports. Propane users in the Midwest and Northeast are tipped to see lower […]
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 […]
Blasting weeds with propane-powered flames could see an end to expensive pesticides and revolutionize the organic food sector if a new agricultural invention proves successful. Researchers at the University of Nebraska say a local company is interested in building trial weed flaming equipment and organic producers in the state have already tested the system on […]
Propane conversion specialist Alliance Autogas now has EPA certification to covert more than 200 vehicles to clean-burning propane gas. Alliance Autogas uses the Prins vapor and liquid injection technology ssystem for propane conversions. Reaching the 200 vehicle milestone means fleet managers and private vehicle owners now have a huge array of makes and models to […]
The nation’s largest propane retailer has named its new president and chief executive who will assume control of the energy company from next year, marketwatch.com reports. As reported earlier on Propane.Pro, AmeriGas Propane. Inc. boss Eugene V.N. Bissell will retire in spring after 30 years’ service to the industry. AmeriGas Partners is the nation’s largest […]