October 2022: Propane autogas fleets

October 5, 2022 By    

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for October 2022 is from Gray, Gray & Gray’s 2022 propane industry survey.

Stock information for Ferrellgas and Suburban Propane is also provided.


Source: Gray, Gray & Gray 2022 propane industry survey

Source: Gray, Gray & Gray 2022 propane industry survey


Thirty-six percent of respondents to Gray, Gray & Gray’s 2022 propane industry survey say their propane companies operate propane autogas vehicles. Regionally, the South reports the highest percentage of autogas users.

Marty Kirshner, partner in Gray, Gray & Gray’s Energy Practice Group, says those companies that haven’t adopted autogas should do so to qualify for the alternative fuel tax credit:

“Why keep fueling on diesel when you can fill with propane and get a significant credit from the government?” he asks.

The alternative fuel tax credit was extended retroactive for 2022 and through 2024.


Company 12-month chart
(as of September ’22)
Price (9/21/22) Current Yield 52-Week Low 52-Week High YTD Price
Ferrellgas – FGPR Ferrellgas - FGPR $10.84 N/A 10.62 25.34 (26.2%)
Suburban Propane – SPH Suburban Propane – SPH 16.49 7.9% 13.83 17.75 12.6%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

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