WHIPPANY, N.J. — Nov. 15 — Suburban Propane Partners L.P., a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, announced an executive promotion in line with its planned management succession. As previously announced, Steven C. Boyd, the company's chief operating officer, will retire effective January 1, 2025. 

 

West Palm Beach, FL — Nov. 18 — Blue Peak Resources, a merger and acquisitions consulting firm, announced that Paula Wilson has joined the organization as its latest team member. 

During the latest mid-month period, prices at Mont Belvieu, Texas, increased. The posted prices increased 6 cents/gal, from October mid-month to November mid-month, and the spot prices increased 3.625 cents. Conway, Kansas, postings increased 1.35 cents/gal, and spots increased 2.75 cents over the month. 

Santa Energy, based in Bridgeport, Connecticut, has acquired West Oil Company of North Adams, Massachusetts, marking a significant milestone for both family-operated businesses. Cetane Associates facilitated the transaction, ensuring a seamless transition that honors West Oil’s legacy of reliable service since 1949.

On Nov. 5, Washington state residents voted to pass Citizen Ballot Initiative No. 2066 by a roughly 100,000 vote margin. The initiative aims to protect energy choice across the state. 

The National Propane Gas Association (NPGA) has been working with the Pacific Propane Gas Association, the Washington Building Industry Association, and a broad coalition to fight government efforts to ban and limit access to gas hookups and gas appliances through the State Building Codes Council (SBCC). 

Many Missouri school districts have already applied to the Missouri Department of Elementary & Secondary Education’s Propane School Bus Grant program, and funds are going fast. The program has been so popular that within a few weeks, DESE has received 24 applications. Fourteen more are available. DESE is providing funding assistance in the amount of $970,000 million to school districts for the purchase of school buses powered by propane. Missouri school districts can apply for grants of $24,250 per propane bus, up to four buses per school. 

Worthington Enterprises announced an expanded leadership team for its Building Products segment as it grows its LPG cylinder portfolio and integrates Hexagon Ragasco. Leaders Warren Patterson, Tiago Oliveira and Skjalg Stavheim will drive innovation and growth, strengthening Worthington's market presence.

According to finalized data from the U.S. Energy Information Administration, the average residential price of grid electricity in the U.S. increased 6.3% between 2022 and 2023. Further, the average commercial price of electricity rose 1.4% over that same period of time. Between 2013-2023, residential electricity rates increased 31.9%; the cost of commercial electricity increased 22.7% over the last decade as well. 

Legacy Energy Consulting facilitated the sale of Griffin's Propane, a family-run business in Silver City, New Mexico, to an undisclosed buyer. Founded in 1991, Griffin's Propane expanded to eight locations across New Mexico and Arizona over 30 years.

Nov. 5, 2024 — After 42 years of service to the propane industry, Steve Ward — Gardner Marsh’s technical products specialist — has announced his upcoming retirement, effective December 31, 2024. Ward's long-standing employment at Gardner Marsh has provided the company and its customers with knowledge, expertise and leadership. 

AURORA, CO — B&A Energy Partners has announced the recently completed sale of the propane assets of Mor-Gas Inc. of Pisgah, Alabama, to Allgas Inc. Shirely Moore Knight, former owner of Mor-Gas Inc., said about the process, “Partnering with B&A Energy Partners made the process simple, transparent and the outcome was better than we expected. We were able to keep running the company while they managed the details of the sale. Benny Gay was always available to assist and guide us through every step!”

Fairbank Equipment, a propane solutions provider to agricultural businesses, has announced the addition of Brayden Murrison and Dave Cox to its team as regional sales managers. Murrison will be representing customers in Idaho, Oregon, Washington, Montana and Utah. Murrison brings years of experience in the piping industry into his new role. 

Cetane Associates facilitated the acquisition of Hart & Iliff Fuel and Energy Systems by NRG Heat & Power LLC, which closed on Oct. 1, 2024. The sale marks a new chapter for Hart & Iliff, a company with over 130 years of history, as NRG commits to continuing its legacy of exceptional customer service.

Canada's primary underground propane inventories decreased by 6.1% in October, according to the Canada Energy Regulator (CER). The total represented a month-to-month decrease of 102.3 Mcm. Compared to a year earlier, stocks were lower, with 222.1 Mcm, or 12.4%, less product on hand.

Propane storages in the West started October a bit lower at 1028.8 Mcm, which corresponds to 6.481 MMbbl, the agency reported. From September to October, volumes decreased by 120.8 Mcm, or 10.5%, and were 90.8 less the year prior's level of 1119.6 Mcm.