During the latest mid-month period, prices at Mont Belvieu, Texas, increased. The posted prices increased 4.333 cents/gal, from June mid-month to July mid-month, and the spot prices increased 2.875 cents. Conway, Kansas, postings increased 3.5 cents/gal, and spots increased 3.375 cents over the month. 

DALLAS — July 9, 2024 — iRely, a provider of back-office software solutions for petroleum, agriculture, and commodity trading and risk management (CTRM) industries, has announced the relocation of its headquarters to Dallas, Texas. This move is set to enhance the company's growth and provide easier access for international travel. 

Cetane Associates announces that SOS Xtreme Comfort has acquired the propane, distillates and HVAC business of Spiegel Corp. Jeffrey Spiegel becomes the principal owner, continuing the family legacy since 1934.

 

Luke Fitzpatrick has been appointed as the new CEO of the Missouri Propane Gas Association, succeeding the retiring Steve Ahrens. Fitzpatrick, formerly the chief operations officer, brings extensive industry experience to his new role.

Rural Computer Consultants hosted its 26th annual Customer Seminar this year in Myrtle Beach, South Carolina, from June 17-20. The four-day event equipped participants with educational sessions, a roundtable discussion and a vendor fair. 

Freddie Ridler and Nancy Mathison (or “Team Francy”), the event’s organizers and emcees, have been hosting the event for over five years. 

NEW MILFORD, Conn. — June 27, 2024 — Cetane Associates has announced that Southern Quality Propane, Inc. (“SQP”), a Florida corporation, has acquired certain assets used in the operation of, or associated with, the full-service propane delivery business of the Marianna propane branch of Florida Public Utilities (“FPU”) located in Marianna, Fla. The transaction closed on June 18, 2024. 

Canada's primary underground propane inventories increased by 11.3% in June, according to the Canada Energy Regulator (CER). The total represented a month-to-month increase of 101.4 Mcm. Compared to a year earlier, stocks were higher, with 205.2 Mcm, or 25.9%, more product on hand.

Propane storages in the West started June a bit higher at 773.4 Mcm, which corresponds to 4.9 MMbbl, the agency reported. From May to June, volumes increased by 87.5 Mcm, or 12.8%, and were 218.8 more the year prior's level of 554.6 Mcm.

Suburban Propane Partners, L.P. has been nominated by the Women in Trucking Association as a top company for women in transportation, showcasing its dedication to gender diversity and inclusive work environments. With nearly one-third of its workforce being women, the company offers competitive benefits and growth opportunities, promoting a balanced work-life schedule for its employees.

West Palm Beach, Fla. (June 20, 2024) — Blue Peak Resources, a merger and acquisitions consulting firm, announced the sale of Wrightington Gas Incorporated of Kingston, Massachusetts, to Spicer Propane of Groton, Connecticut.

NEENAH, Wis. — June 17, 2024 — Fleet managers continue to face the day-to-day challenges of staying up-to-date and in compliance with regulatory changes along with continuously improving driver knowledge and skills. That’s according to the newly released study conducted by the J. J.

During the latest mid-month period, prices at Mont Belvieu, Texas, increased. The posted prices increased 8.167 cents/gal, from May mid-month to June mid-month, and the spot prices increased 12 cents. Conway, Kansas, postings increased 7.8 cents/gal, and spots increased 9 cents over the month.

ISLE OF PALMS, SC — The Southeast Propane Alliance (SEPA) held its Annual Convention in Isle of Palms, S.C., from June 9 to 11, 2024. Almost 300 members attended the event to receive industry updates from dignitaries like Tucker Perkins, president and CEO of the Propane Education & Research Council and Tom Van Buren, chairman of the National Propane Gas Association. The attendees also participated in various committee meetings related to propane and recognized several peers for their outstanding contributions.

New Milford, Conn. (June 11, 2024) — Cetane Associates (Cetane) has announced that Breckenridge Capital LLC (Breckenridge), a Texas limited liability company, has acquired the full-service propane delivery business of Knight Propane, Inc. (Knight Propane) located in Weatherford, Texas. The transaction closed on May 31, 2024.

FuelExchange™, the merger & acquisition service of Gray, Gray & Gray LLP, has announced the completion of an energy market transaction in which Cubby Oil & Energy — based in Wilmington, Massachusetts — acquired Stocker Oil, based in Topsfield/Peabody, Massachusetts. 

Dimeta and Delft University are launching Europe's first trial of a DME and LPG blend for home heating, offering a sustainable, clean energy solution for 137 million off-grid homes without modifying existing infrastructure.
Manchester Tank & Equipment Co. is acquiring Ditech Testing's tank refurbishment and recertification business, with completion expected by month-end. This acquisition enhances Manchester Tank's services and provides cost-saving benefits and improved logistics for customers.