Propane marketers testify to Senate energy committee on last winter’s struggles
May 22, 2014 By Brian Richesson
The propane industry finds itself in a “true energy revolution,” impacted by strong domestic production, record U.S. exports…
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The propane industry finds itself in a “true energy revolution,” impacted by strong domestic production, record U.S. exports…
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Inergy Services plans to offer posting, index and fixed price programs to Mid-Atlantic buyers.
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Wicked winter weather and supply chain bottlenecks in the Northeast have again focused attention on the ability of propane’s infrastructure to promptly deliver the product. As tankers waited in long lines, restrictions on hours of service for truck drivers presented added difficulties despite extensions granted by government authorities.
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I hope you’ll agree that one of the most exciting aspects of our industry involves the commodity side of the business and its unpredictability of both disruptions in supply distribution and wholesale propane price spikes.
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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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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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