Tanking Out
September 1, 2003 By LP Gas
Propane got a unique boost in visibility as a viable alternative fuel just in time for a rejuvenated debate by government officials for a national energy policy.
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Propane got a unique boost in visibility as a viable alternative fuel just in time for a rejuvenated debate by government officials for a national energy policy.
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Propane retailers dutifully monitoring the nation’s product reserves this summer breathed a collective sigh of relief when the U.S. Energy Information Administration reported a stock build of 65 million barrels last month.
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This month, two California men face federal charges for plotting to blow up one of the nation’s largest propane storage facilities.
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If you build it, they will come. At least that’s what happened to one national propane marketer’s major supply point for California’s Sacramento and San Joaquin valleys.
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Sea-3 Inc. is finding immediate success at its $23 million import facility that opened 18 months ago in Tampa.
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Industry veterans joke that you can start a healthy debate on most any topic with two or more propane marketers in the room. So we were pleasantly surprised at the consistency of responses when LP/Gas Magazine asked propane retailers across the country to share opinions and details of their business for collective analysis.
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The nation’s propane inventory is 9 percent higher than this time last year, with 68.9 million barrels, according to the Energy Information Administration. The summer build was 11.2 million barrels higher than recent averages.
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