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While propane marketers continue to navigate challenges such as an ongoing driver shortage and high steel prices, they now face yet another blow to the bottom line: diesel prices. The price of diesel reached its peak average in March at $5.25/gallon. This was up from $4.06/gal at the beginning of the month, $3.74/gal at the beginning […]
Category: Propane Research & Trends
Using Tank Monitors to Manage Inventory this Winter
The US propane market is preparing for a possible “Armageddon” heading into the winter months, according to a recent article by Bloomberg. NPGA reports that propane spot prices have recently been at their highest levels since February 2014. This fall’s high prices are being attributed to low inventories resulting from increased global demand, relatively flat […]
How Propane Marketers Could Benefit from the Recent Government Stimulus Package
With the recent $2 trillion stimulus package (known as the “CARES Act”) passed by the U.S. Senate and the House, we’ve seen over $349 billion made available for small businesses through the U.S. Small Business Administration (SBA). While you’ve probably seen some information from your respective propane associations and other resources, we wanted to share […]
Propane demand holds steady despite non-essential business closures
This research is based off Generac’s proprietary data. It’s the result of viewing our anonymized aggregated daily readings from our propane tank monitors across the country. Part 1 in our research can be found here. Last week saw many states order non-essential businesses to close. This put significant strain on businesses throughout America and resulted […]
How much is the coronavirus affecting propane gallons delivered?
The novel coronavirus has impacted everyone in the U.S. It has led our country to declare a National Emergency and caused the unfortunate cancelation of our industry’s national conference in Nashville. While propane’s essential status to keep people warm, keep them fed, and ensure reliable back-up power has been granted, we were curious how COVID-19 […]