FMCSA releases rule on electronic logging devices

December 23, 2015 - By

The Federal Motor Carrier Safety Administration (FMCSA) released a final rule mandating electronic logging devices (ELDs) in commercial motor vehicles that are currently required to prepare hours-of-service records of duty status reports. According to the National Propane Gas Association’s newsletter, NPGA Reports, the new regulation provides four exemptions, including one for commercial motor vehicles manufactured before 2000. Aside from the exemptions,... read more

Can the propane industry reach its full potential?

December 23, 2015 - By

The table has been set to reverse the propane industry’s 15-year gallon slide. Consider the following: lower propane prices should create competitive advantages against electricity and other fuels for the foreseeable future; the climate change movement puts propane in the spotlight as a viable solution for policymakers and clean energy advocates; lifting the Propane Education & Research Council’s (PERC) consumer... read more

Propane included in water heater market report

December 22, 2015 - By

Persistence Market Research included information about propane water heaters in a report titled, “Global Market Study on Water Heater Market: Increased Product Visibility Has Resulted in Increasing Demand for Energy-Efficient Water Heaters in the Recent Past.” According to the report, the entire water heater market will have an estimated value of $39.5 billion by the end of 2015. The entire... read more

PERC finalizes propane-related programs for 2016

December 21, 2015 - By

The Propane Education & Research Council (PERC) met by conference call Dec. 11 to complete its agenda from the November meeting in Boca Raton, Fla. It approved six additional funding requests, listed below with the principal contractor in parenthesis where applicable. • $1.8 million for the 2016 Partnership with States program, which supports the state propane foundations and councils by... read more

How weather affects propane values

December 21, 2015 - By and

Propane inventory has fallen 7.227 million barrels over the last three weeks. That compares to a five-year average decline of 4.402 million barrels for the same three-week period. The well-above-average drop makes one wonder what kind of inventory draws would occur if we had normal winter temperatures. To put the three-week draw in an even better perspective, last year over... read more

Developing a plan for the New Year

December 21, 2015 - By

It is not too late to develop a fresh sales strategy for next year that incorporates the best sales targets and tactics that will take you beyond your past sales performance. It is easy to fall into the rut of looking at last year’s sales performance by target category, adding a small percentage of increase and calling it a good... read more

Ferrellgas acquires Gasco Energy Supply

December 18, 2015 - By

Ferrellgas Partners LP acquired Gasco Energy Supply LLC, an independent propane retailer based in Eldon, Mo., which services residential, industrial/commercial and agricultural accounts throughout the Ozark region. Details of the deal were not disclosed. In addition to its pursuit of independent propane retail operations, Ferrellgas created a diversification strategy in 2014 based on crude oil midstream acquisitions. This past June,... read more

Kenworth of Louisiana opens new facility

December 18, 2015 - By

Kenworth of Louisiana-Shreveport, a Kenworth dealer, opened a facility in Bossier City, La., that occupies a 2,000-square-foot office and a 10,500-square-foot building for service and parts. The service department offers six bays and the parts department offers a large inventory. The location also provides sales support, leasing and rental services through its onsite PACCAR Leasing franchise. According to the company,... read more

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2015 LP Gas Growth Summit: Potential growth opportunities

December 17, 2015 - By

2015 LP Gas Growth Summit attendees, including Brandon Hewett of J&J Gas Service; Hank Stacy of Liberty Propane; and Mike Hayden of Co-Alliance, discuss potential growth opportunities for their businesses. read more

Congress approves legislation extending alternative fuels tax credit

December 17, 2015 - By

Congress passed combined tax-relief and government funding legislation that has positive implications for the propane industry, the National Propane Gas Association (NPGA) announced. According to NPGA, the legislation features a two-year extension of the alternative fuels tax credit. This refundable credit remains at 50 cents per gallon for the remainder of 2015. In 2016, the credit will be adjusted to... read more