State of the Industry
December 1, 2007 By LP Gas
What are the critical challenges facing propane retailers, and how are they being addressed?
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What are the critical challenges facing propane retailers, and how are they being addressed?
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Nothing else matters if you can’t pay your bills.
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Electronic payments processing, including electronic check conversion and collection, continues to grow at a rapid pace in the U.S. Surprisingly, one of the last industries to adopt electronic check processing is the propane industry.
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When spot propane prices at Mont Belvieu topped $1.16 this past July, I wondered if spiraling world oil costs would be the final blow that would push marketers out of the business once and for all.
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Slightly over 35 percent of the participants in this year’s State of the Industry survey offered comments beyond the questions asked. It would be an understatement to say the comments implied that the situation was nearly untenable, and that no improvement was in sight.
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An in-depth look at the numbers, trends, plans and concerns from propane retailers nationwide.
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There is plenty of reason for hope as the worries of 2004 blend into the realities of 2005.
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The numbers don’t lie; neither do the voices of frightened and frustrated propane marketers everywhere who say the mounting cost of doing business is smothering them.
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What I like best about our annual State of the Industry Report is that it gives propane retailers nationwide an open forum to give unbridled, bare-knuckled feedback from the front lines.
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I n some ways, today’s retail propane market is identical to the industry that has sustained American family businesses for more than four generations. But change is arriving on many fronts, according to the propane marketers who shared insights of their business for our third annual State of the Industry Report.
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