State of the Industry 2004
December 1, 2004 By LP Gas
An in-depth look at the numbers, trends, plans and concerns from propane retailers nationwide.
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An in-depth look at the numbers, trends, plans and concerns from propane retailers nationwide.
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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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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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Turn the final page of your trusty, worn calendar and say goodbye to 2001 –- if you can. As much as this nation wants to put the terror and tragedy of these past three months behind us, we will always cling to that historic turning point when life as we knew it forever shifted.
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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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