Propane Industry News

Canton, Mass. (Aug. 29, 2022) — Gray, Gray & Gray, LLP has released the results of the firm’s 2022 Propane Industry Survey.

TRENTON, N.J. (Aug. 31, 2022) — New Jersey consumers deserve to know what electric conversion mandates will cost them under the State's Energy Master Plan and other related energy programs, according to regulatory comments filed by the New Jersey Propane Gas Association (NJPGA).

Kansas City (Aug. 30, 2022) — Lettermen’s Energy Holdings (LEH) announced the acquisition of Victory Propane. Based in Northbrook, Illinois, Victory significantly expands LEH’s operational footprint in the cold-weather markets of Ohio, Indiana, Pennsylvania and Michigan.

Terms of the deal were not announced, though Victory’s principal executive leadership, Gregg Falberg, Eric Falberg and David Florsheim, will join LEH in advisory roles and assist the company with future strategic initiatives. 

Newell, W.Va. (Aug. 26, 2022) — Marsh Bellofram announced several management changes with an eye on bringing sharper focus and clarity to its numerous businesses and market segments, and to better position the company for the future.  

John Gorrell has been named the new president of Marsh Bellofram, having previously served as chief operating officer.

Peoria, Ariz. (Aug. 29, 2022) — Taronis Fuels Inc. has resolved a proceeding that the United States Securities and Exchange Commission filed on Aug. 25, 2022. Without admitting or denying the SEC’s allegations, Taronis Fuels consented to be permanently enjoined from violations of certain provisions of the federal securities laws and agreed to pay disgorgement in the amount of $4,876,023, plus prejudgment interest in the amount of $231,877.50, for a total of $5,107,900.50.

Fernando Gallegos Named Director

Fernando Gallegos has been named director for Emerson/Fisher LP-Gas Equipment. In this role, he will oversee the LP-Gas global business, lead marketing strategies and business development.

DENVER (Aug. 23, 2022) — Offen Petroleum announced it has completed the acquisition of the wholesale division of G&S Oil Products, headquartered in Centennial, Colorado. Offen is an independent distributor of motor fuels, propane and lubricants, and offers petroleum logistics services in 40 states across the United States. 

MEDFORD, Wis. (Aug. 24, 2022) — Medford Cooperative has announced a key appointment to its senior leadership team. Jake Korzeniewski is joining the organization as the new director of agricultural services. In his role, Korzeniewski will provide leadership for Medford Cooperative's agricultural division.

During the latest mid-month period, prices at Mont Belvieu saw a decrease as we get closer to the end of summer. The posted prices decreased 6.5 cents/gal, from July mid-month to August mid-month while the spot prices decreased 3.875 cents. Conway, Kan., postings ended with a 6.05-cent decrease and spots decreased 2.25 cents over the month.

Canada's primary underground propane inventories increased by 19.79% in August, according to the Canada Energy Regulator (CER). The total represented a month-to-month increase of 233.3 Mcm. Compared to a year earlier, stocks were lower, with 401.5 Mcm, or 22.13%, less product on hand. 

HONOLULU (July 21, 2022) — Hawaiʻi Gas announced that its ownership was transferred to an affiliate of Argo Infrastructure Partners LP (Argo), as a result of its acquisition of Macquarie Infrastructure Holdings LLC. The acquisition was completed after receipt of the approval in June from the Hawaiʻi Public Utilities Commission (PUC).

LAWRENCE, Mass. (Aug.

TerraVest Industries Inc. announced Jason Gildart will be joining its team as director of operations for domestic tanks. Gildart’s main role will be to work closely with the company's domestic tank businesses in areas of operations, sales, logistics and manufacturing.

Tulsa, Okla. (Aug. 8, 2022) — NGL Energy Partners LP announced the completion of the Ambassador Pipeline in the state of Michigan. The Ambassador Pipeline System consists of a 225-mile bi-directional pipeline with multiple supply and delivery points. The Ambassador Pipeline connects central, northern and western Michigan propane customers to millions of gallons of underground storage capacity in Eastern Michigan. NGL’s Wheeler Terminal is strategically located at the mid-point of the pipeline and includes on-site storage of 480,000 gallons of propane.

Washington (Aug. 10 2022) — Delayed planting in many states may cause high moisture corn to be a common challenge this harvest, requiring longer periods of grain drying than average. Due to increased uncertainty, the Propane Education & Research Council (PERC) recommends participating in early tank fill programs before peak harvest demand.

Kent, Conn. (Aug. 11, 2022) — Cetane Associates LLC announced that Blossman Gas Inc. of Ocean Springs, Mississippi, has acquired the full-service propane delivery business of Wigley Propane LLC of Jasper, Georgia. The transaction closed on Aug. 5, 2022.

Energy Distribution Partners (EDP) has announced a partnership with Barrett Propane located in Prescott, Arizona. Barrett Propane provides propane service to more than 4,500 customers in Prescott and the surrounding area. Barrett Propane was owned by Dave Barrett, Malcolm Barrett and Brian Petrovich. 

VALLEY FORGE, Pa. (Aug. 9, 2022) — AmeriGas Propane, a subsidiary of UGI Corporation, has acquired the Miami, Florida, operations of South Florida Lift Gas. South Florida Lift Gas serves primarily forklift cylinder exchange customers in Palm Beach, Broward and Miami Dade Counties. These commercial customers will now be serviced from AmeriGas’ Medley, Florida, location.

CANTON, Mass. (August 8, 2022) — Gray, Gray, & Gray LLP has been named one of the country’s Top 200 accounting firms by "INSIDE Public Accounting" magazine. The publication ranked Gray, Gray & Gray as the 148th largest accounting firm in the United States (up 17 spots since 2021) and third largest independent accounting firm in Massachusetts.

The World Liquefied Petroleum Gas Association's (WLPGA) Women in LPG announced it has officially opened nominations for both the Woman of the Year and Young Woman of the Year 2022 awards. 

The Woman of the Year Award is awarded each year to the outstanding individual who has made a significant contribution to the LPG industry and to the cause of diversity.