National propane stocks dipped slightly in the last week, falling by 100,000 barrels and average residential propane prices gained less than a cent. But homeowners who rely on propane for their winter heating could be in for a slight reprieve, with a mild start to winter forecast to bring slightly lower heating bills, nasdaq.com reports. […]
Armed police officers fired live ammunition at a full propane tank in a demonstration to prove the clean-burning energy source is safe, king5.com reports. Californian-based Blue Star Gas showed footage of the controlled weapons stunt last week as part of a road show to promote the use of propane autogas by the nation’s commercial vehicle […]
Retail propane heavyweight Ferrellgas Partners, LP, has announced a key acquisition in Texas, building on its impressive and growing list of customers and assets. In its fourth acquisition of the fiscal year, Ferrellgas said it had bought Welch Propane, a northeast Texas retailer based in Atlanta with operations in Texarkana and Douglassville. Terms of the […]
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 – […]
Extending propane tax credits for another five years would create up 42,000 US jobs and boost economic activity by up to $5.7 billion by 2016, a new study reveals. Congress is currently considering the Propane Green Autogas Solution Act (Propane GAS Act) of 2011. It seeks to extend the current system of tax incentives for […]
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. […]
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 […]
Restrictive federal regulation of hydraulic fracturing activity could prevent individual states reaping financial reward from their oil and gas reserves, the Environmental Protection Agency is being warned. State regulators addressed a congressional committee last week considering proposed plans by the EPA for new regulations on the disposal of polluted wastewater from “fracking” wells, fuelfix.com reported. Officials […]
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 […]
Two of the country’s biggest propane retailers have announced their end of year results, blaming a weak economy and high commodity prices for reduced profits. AmeriGas Partners and Suburban Propane Partners both reported their Fiscal 2011 results last week. AmeriGas recorded net income of $138.5 million – down from $165.2m the previous year. Suburban Propane […]