Propane Industry News

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. 

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!”

ASHEVILLE, NC — In a display of community spirit and collaboration, local residents and businesses have come together to provide much-needed relief to Western North Carolina (WNC) following recent challenges faced in the region.

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. 

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.

PHILADELPHIA (October 24, 2024) – The School District of Philadelphia has taken a significant step toward a cleaner and healthier future for its students by adding 38 propane-powered school buses to its fleet.

During the latest mid-month period, prices at Mont Belvieu, Texas, increased. The posted prices increased 9.5 cents/gal, from September mid-month to October mid-month, and the spot prices increased 12.13 cents. Conway, Kansas, postings increased 4 cents/gal, and spots increased 4.25 cents over the month. 

October 18 is the start of Washington State’s official 18-day voting period. This year, voters will be presented with two ballot initiatives that have a direct and substantial impact on the state’s propane marketplace. The National Propane Gas Association (NPGA) and Pacific Propane Gas Association (PPGA) have endorsed both initiatives and promoted a YES vote on I-2066 and I-2117. 

Richmond, VA — Oct. 2024 — The Propane Education & Research Council (PERC) announced a new Double Propane Farm Incentive Program to assist farmers recovering from the devastating impact of the 2024 hurricane season. Available now through the end of the year, this program doubles the incentives available to qualifying producers for up to $10,000 off the purchase of propane-powered equipment. 

WASHINGTON (Oct. 17, 2024) — Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses, released its latest analysis, "Heat or Eat: The True Cost of Electrify-Everything Policies," revealing that American consumers could face a $149.2 billion increase in home heating and energy costs this winter heating season compared to last year if energy policies attempting to electrify everything were enacted.