Cetane Associates has added two new analysts, Jack McMurchie and Taylor Garnett, to its M&A deal execution team, strengthening the firm’s financial advisory capabilities.
Cary Oil Breeze Thru sale sees the divestment of its 15-store convenience retail business to Sampson-Bladen Oil, as Cary refocuses on its core wholesale fuels distribution across more than 20 states.

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased. The posted prices decreased 2.084 cents/gal, from May mid-month to June mid-month, while the spot prices decreased 1.25 cents. Conway, Kansas, postings decreased 1.5 cents/gal, and spots decreased 1 cent over the month. 

This new location will expand the company's service in the Northwoods

Minocqua, Wis. (June 5, 2025) — Lakes Gas, a propane supplier in the Upper Midwest, announced the grand opening of its newest location in Minocqua, Wisconsin. A ribbon cutting with the local Chamber of Commerce was held on May 16 to mark the official opening of the facility, which will serve residential, commercial and agricultural customers in Minocqua and the surrounding communities. This office is the 57th staffed Lakes Gas location.

Editor's Note: The Department of Energy (DOE) published a press release announcing the termination of 24 clean energy projects. A version of the release is published below.

Rutherford Equipment has hired Todd Lawrence as Equipment Sales Representative for Florida, citing his deep industry experience and strong local ties.

Shawnee, Kan. (May 29, 2025) — Westmor Industries LLC recently hired Laura Lawrence as a territory manager for its truck and trailer division. In her new role, Lawrence will serve the propane and petroleum industries, providing bobtail, refined fuel truck and crane service truck expertise to customers.

Sacramento, Calif. (May 27, 2025) — The Western Propane Gas Association (WPGA) and California Air Resources Board (CARB) have agreed to settlement terms in the case WPGA v. CARB in Fresno County Superior Court over the implementation of the Zero-Emission Forklift (ZEF) rulemaking. The rule would have banned the sale of all new propane-powered forklifts beginning as soon as 2026. The publishing of an advisory update on the rule on CARB’s website was the final step in negotiations between the two parties on the resolution of the suit.

Canada's primary underground propane inventories increased by 34.3% in May, according to the Canada Energy Regulator. The total represented a month-to-month increase of 136.8 Mcm. Compared to a year earlier, stocks were lower, with 360.7 Mcm, or 40.3%, less product on hand.

Propane storages in the West started May higher at 412.6 Mcm, which corresponds to 2.599 MMbbl, the agency reported. From April to May, volumes increased by 121 Mcm, or 41.5%, and were 273.3 Mcm, or 39.8%, less the year prior's level of 685.9 Mcm.