Uncertainty reigns
September 1, 2008 By LP Gas
As the waning summer waxed into fall, uncertainty was the watchword among industry experts asked what this winter will bring.
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As the waning summer waxed into fall, uncertainty was the watchword among industry experts asked what this winter will bring.
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With the price of oil topping $100 per barrel amid a sputtering overall economy, propane marketers and customers alike spent much of the 2007-08 winter heating season struggling to cover their costs. And while some regions saw record-setting snowfalls, bitterly cold temperatures, crippling ice storms and widespread power outages, other parts of the country experienced way too much warmth to pump appropriate amounts of propane.
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What are the critical challenges facing propane retailers, and how are they being addressed?
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Oil at $80 a barrel, double-digit economic growth in China, rising energy consumption worldwide, geopolitics and concerns about global warming were some of the issues energy officials and analysts addressed at the recent Winter Fuels Outlook sponsored by the Department of Energy and the National Association of State Energy Officials.
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Weakened cash flow, price uncertainty slows spring/summer pre-buy activities
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A historical perspective on anything of importance is a good thing. It gives one a sense of where they are and where they’ve been, plus it helps prepare for the future.
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Numbers mean a lot when you look to the Energy InformationAdministration for price information on domestic crude oil andimports. The propane industry often looks to EIA’s Heating Oil andPropane Update during the winter months, as well as the This WeekIn Petroleum report for important data related to price and supply.
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For months, the Energy Information Administration has warned of this winter’s rise in home heating costs for consumers. For weeks, Congressional hearings focused on issues related to energy price, supply and infrastructure.
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What have you done to alleviate the terror in the eyes of residents in your hometown who are bracing for a winter that promises higher-than-ever heating bills?
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