Winter wonderland
March 1, 2006 By Patrick Hyland
It’s winters like this past one that drive independent propane marketers into an early retirement.
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It’s winters like this past one that drive independent propane marketers into an early retirement.
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Each year, retail propane marketers face a whole new set of issues. In 2005, wholesale propane prices seemed to cause the most headaches, pushing retailers to look at new ways to become more profitable.
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It should come as no surprise to propane marketers that the cost of doing business keeps going up, up and up. Industry suppliers are facing similar increases on the raw materials coming into their factory doors, resulting in higher price tags on the products they sell.
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The subject of bobtail efficiency is always relevant to propane marketers. Educational sessions on any aspect of this subject have no problem attracting attendees and interest.
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In my 20-plus years of experience in the retail propane industry, working with one major and many independent marketers, I have seen many different ways to operate a propane company. So, what distinguishes the better operators that produce superior financial results and organic market growth from the laggards?
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Since Pinnacle is the National Propane Gas Association’s premier educational conference, I would like to share some lessons I learned in four days of meetings and conferences in sunny Palm Springs last month.
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As January rolled into February, propane marketers nationwide were hoping for a prolonged cold spell to bolster what’s being called an average heating season with fewer gallons pumped and lower margins earned.
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You may lack family members willing to line-up in a succession plan. Or perhaps you’ve had your fill of coping with rocketing insurance costs, government regulations and endless days topped off by late-night telephone calls from empty customers.
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There is uneasiness in the voices of many long-time propane industry distributors these days when they discuss their role as the link between equipment manufacturers and propane retailers.
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According to general statistics, women tend to make a large percentage of household decisions in comparison to men.
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