Retail propane faces competition from export market
December 7, 2020 By Brian Richesson
The retail propane community was once a prominent component of the overall domestic demand picture, but the shale boom created other demand options.
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The retail propane community was once a prominent component of the overall domestic demand picture, but the shale boom created other demand options.
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Mark Rachal of Cost Management Solutions takes a close look at propane inventory trends ahead of peak demand season.
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Those of you who are regular readers of Trader’s Corner will remember that we set benchmarks on crude…
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Normally, there is a fairly close correlation between the price direction of propane and crude, but sometimes they…
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The more the industry can bill and operate like a utility company and move away from the buy-and-mark-up model of a service station, the better.
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In an interview with LP Gas, Mark Rachal of Cost Management Solutions advises that retailers stay ahead of the game on propane cost and supply when considering the upcoming winter.
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The Federal Reserve Bank of Dallas released the results of a survey of oil industry executives last week. The survey found that 66 percent of the 154 executives surveyed believe that U.S. crude production has peaked.
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In what has been an especially unpredictable year, propane retailers are now looking ahead to winter to prepare for heating season in a variety of ways.
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For the week ending Sept. 4, U.S. propane inventory was at 97.380 million barrels – a record high for this time of year and 5.424 million barrels below its all-time high.
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Cost Management Solutions’ benchmark prices are at 50 cents per gallon for Mont Belvieu LST and $42 per barrel for WTI crude, but there is potential for a drop.
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