During the latest mid-month period, prices at Mont Belvieu decreased as we advance through the spring. The posted prices decreased by 8.334 cents/gal, from April mid-month to May mid-month, while the spot prices decreased 10.75 cents. Conway, Kan., postings ended with a 7.85-cent decrease and spots decreased 6.75 cents over the month.


Ken KoellerPrior owner of Yankee Propane Inc. and Virginia Propane Inc., Ken Koeller, passed away on April 14, 2022, at the age of 90. Along with his future son-in-law, Peter Guerci, Ken started Yankee Propane in 1989 in Florida, New York, expanding propane operations in the Hudson Valley region of New York and northern New Jersey.

South Portland, Maine (May 4, 2022) — Dead River Company, a home heating provider north of Boston, Massachusetts, has announced another acquisition, one that expands the company further into central and western Massachusetts. Dead River Company has acquired Whiting Oil Corporation, which does business as Whiting Energy Fuels. 

WHIPPANY, NJ (April 27, 2022) — Suburban Propane Partners, L.P. announced the commercial launch of Propane+rDME. This exciting new product combines clean, versatile and abundantly available propane with the renewable, low carbon benefits of renewable dimethyl ether (rDME), produced by Oberon Fuels, to help create a pathway for lowering emissions to meet aggressive carbon reduction standards. 

DALLAS — Arcosa Inc. announced it has entered into a definitive agreement to sell its storage tanks business to Black Diamond Capital Management, LLC for $275 million in cash, subject to customary transaction adjustments.

Established in 1933 and marketed under the Arcosa Tank and TATSA brands, the company’s storage tanks business is a manufacturer of steel pressure tanks for the storage and transportation of propane, ammonia and other gases serving the residential, commercial, energy, and agricultural markets with operations in the United States and Mexico.

COLUMBUS, Ga. & SAN MATEO, Calif. — Synovus Bank announced it has signed an agreement to strategically invest in Qualpay resulting in a 60% ownership interest. Qualpay is a provider of a cloud-based platform that combines a payment gateway with robust merchant processing solutions, which allows merchants and independent software vendors (ISVs) to integrate payments into their software or websites.

New Braunfels, Texas & Casper, Wy. (April 21, 2022) Mopeka Products announced it has signed a definitive agreement to acquire Sonariot.

Together, Mopeka Products and Sonariot, will become known as MopekaIOT, a provider of tank monitoring solutions, further cementing its leadership as a leader in sonar tank monitoring solutions and services, with more than 500,000 sensors in market globally.