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Current Issue - LP Gas
6 days ago · U.S. average expenditures for households heating primarily with propane will total about $1,190, according to the EIA’s Winter Fuels Outlook. Read More. This article is tagged with propane consumption, propane inventories, propane prices, U.S. Energy Information Administration (EIA), winter and posted in Current Issue, Featured, From the ...
Mid-year 2024 propane industry observations - LP Gas
Jul 25, 2024 · In Reno, the industry heard for the first time about Nexio’s plans to bring a dedicated, propane-fueled bobtail to U.S. retailers.. You can’t mention the Nexio story, though, without wondering about the Cummins propane engine project, which we’ve covered closely for the past four years. The manufacturer was supposed to deliver the 6.7-liter engine this year – for use in medium-duty ...
How the 2024 LP Gas Growth Summit unfolds - LP Gas
Oct 25, 2024 · The LP Gas Growth Summit is a 2.5-day event that gathers retail propane company decision-makers and industry partners for one-on-one meetings, educational opportunities and other networking functions – all with the goal of building propane partnerships. The 2024 event was held Sept. 17-19. Here’s a look at how the Growth Summit unfolds at Reunion Resort, outside Orlando, Florida.
What your peers are saying about propane supply - LP Gas
1 day ago · If there are those supply constraints, we know at what point we can slow down our hauling so we can build up our supply.”. – Jeff Helle, Suhre’s Gas, Hamel, Illinois. “Propane supply in our region is pretty stable. We’ve diversified our supply between rail, pipeline and trucking, and we work with some pretty solid suppliers.”.
Price protection: Getting ahead of the curve - LP Gas
On July 26, 2024, a retailer takes 10,000 gallons per month of propane price protection for each month from October 2025 to March 2026 for a total of 60,000 gallons. Let’s say the price protection is obtained at strike price of 74.5417 cents. No money changes hands on …
Propane demand continues at record high - LP Gas
Feb 20, 2024 · Throughout the second half of last year and into 2024, demand for U.S. propane has been at record highs. The dark blue line in Chart 1 shows the combination of U.S. domestic demand and exports very strong in 2023, and the lighter blue line shows demand remains strong this year. Year-over-year growth is the pattern, but the increase between 2022 ...
Downtrend favors propane buyers - LP Gas
May 13, 2024 · On Feb. 16, Mont Belvieu ETR propane closed at 94.75 cents, and Conway had closed at 89 cents three days earlier. Those points marked the pinnacle of propane prices so far in 2024. Since then, propane has been in a downtrend. Chart 1: Propane Closing Prices. The decline in prices has been a welcome development for propane buyers as propane ...
US is oversupplied with propane - LP Gas
Mar 4, 2024 · U.S. domestic demand fell by 128,000 barrels per day (bpd) between 2022 and 2023. Meanwhile, higher crude and natural gas production and more fractionation capacity increased U.S. propane production by 108,000 bpd. With domestic supply and demand going in opposite directions, the difference between propane supply and its demand grew 236,000 bpd ...
US propane inventories highest ever - LP Gas
Oct 21, 2024 · Regardless of the path taken, U.S. propane inventories are the highest they have ever been and may go even higher before the sustained drawdown begins. As we said last week, U.S. propane production is strong, export capacity is limited to about 1.8 million barrels per day (bpd) and outlooks are for a weather pattern this winter that will lead ...