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 […]
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 […]
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 […]
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 […]
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, […]
A national propane wholesaler which plans to build a giant liquid propane tank in Maine has gone on a PR offensive to correct what it labels misinformation being spread by project opponents, bangordailynews.com reports. DCP Midstream has opened a campaign headquarters in Searsport to promote plans for a $40 million propane terminal that includes a […]
One of the country’s propane majors has announced plans for another acquisition deal that would expand its reach and customer base into the lucrative New England region. Delaware-based NGL Energy Partners LP has signed an agreement with North American Propane Inc. (NAP) to acquire assets in Massachusetts, Maine, Connecticut, New Hampshire, Rhode Island, Pennsylvania, Delaware, […]
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 […]