Propane Industry News

NATIONAL — MFA Oil Company hosted district delegate meetings across its eight voting districts in February and March. Two of those districts held elections for their representative on the MFA Oil Board of Directors. Mike Moreland won re-election to the board representing the company’s West Central District at a meeting held on Feb. 16 in Harrisonville, Missouri. In the Mid-South District, Randy Pace was elected on March 8 at a meeting in Jonesboro, Arkansas. Moreland and Pace will both serve three-year terms.

In 2022, the Propane Education & Research Council's (PERC) Propane Construction Incentive Program helped eliminate more than 18 million pounds of carbon dioxide (CO2) equivalent, from the environment annually. This statistic nearly doubled the program’s impact in 2021.

Crystal Flash Inc., an employee-owned fuel distribution company based in Grand Rapids, Michigan, announced that Brad Gandy has been appointed as the new president and CEO of the company.

Cetane Associates has announced that Bob Williamson has joined its financial advisory firm as director, effective Apr. 1, 2023.

United States households on average consumed less energy in 2020 than in 2009, according to newly released data from the U.S. Energy Information Administration’s (EIA) "Residential Energy Consumption Survey" (RECS).

NATIONAL (March 16, 2023) — United States energy-related CO₂ emissions drop 25% to 38% below what they were in 2005 by 2030, according to projections from the U.S. Energy Information Administration’s (EIA) "Annual Energy Outlook 2023" (AEO2023).

Canada's primary underground propane inventories decreased by 31.09% in March, according to the Canada Energy Regulator. The total represented a month-to-month decrease of 330.9 Mcm. Compared to a year earlier, stocks were higher, with 133.1 Mcm, or 22.18%, more product on hand. 

During the latest midmonth period, prices at Mont Belvieu, Texas, decreased as we reach the end of winter. The posted prices decreased 10.25 cents/gal, from February mid-month to March midmonth while the spot prices decreased 13.875 cents. Conway, Kan., postings ended with a 9.55-cent decrease and spots decreased 12.5 cents over the month.

Lancaster, Pennsylvania – March 10, 2023 – Cargas is thrilled to welcome Corey Meyer as its vice president of emerging business.

LIBERTY, Mo. (March 3, 2023) — Ferrellgas Partners L.P. announced it has hired Michael E. Cole as its new chief financial officer. He brings more than 35 years of experience in financial and energy-related fields, as well as a collaborative leadership approach.

WASHINGTON (March 7, 2023) — The propane industry, through the Propane Education and Research Council (PERC), has announced its engagement with nearly a dozen universities, national and private laboratories, and businesses to drive clean energy innovation.

Whippany, NJ (March 2, 2023) — Suburban Propane Partners L.P. lent its support to the teams of legislators and lobbyists competing to raise money for a variety of deserving charitable organizations at the 2023 Congressional Hockey Challenge, supported by the NHL. As part of this sponsorship, Suburban Propane provided power for the MedStar Capitals Iceplex ice resurfacer and attended the game.  

The United States Energy Information Administration (EIA) estimates an average of about 99 billion cubic feet per day of natural gas will be consumed in the United States during the first quarter of this year — the least for any first quarter since 2018. This year, January and February are likely to be among the warmest on record, which led to significantly lower heating demand and, therefore, lower natural gas consumption.