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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 Best Practices
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 […]
2 Major Reasons to Consider Using Tank Monitors on New Customers
Many new customers view their first year of service with a new fuel supplier as a trial-run. They may be wondering, “Will my new supplier overcharge me?” “Are they responsive?” “Will they let me run out of gas?” It is crucial for your company to provide excellent service during this first year to keep the […]
1 Way Propane Marketers are Combatting the Tank Shortage and Rising Price of Steel in 2021
This post is an updated version of an older blog post from 2019. A perfect storm has been brewing in the global steel market. Strong demand has collided with supply shortages, causing the price of steel to reach an all-time high and inventory levels to plummet. Like other sectors of the economy, the propane industry […]
2 Ways to Make Propane Feel like a Monthly Utility for Homebuyers New to Delivered Fuels
Changes brought on by the COVID-19 pandemic have led droves of Americans to flee cramped cities in search of more affordable and spacious homes in rural and suburban areas. The number of people who relocated from big cities to small and midsize metro areas rose 23% in 2020. And with record-low inventory and sky-high prices, […]
3 Ways the Pandemic has Worsened the Driver Shortage, and 3 Ways Tank Monitoring can Help
For years, industries across the board have been struggling to recruit truck drivers amidst a growing driver shortage. Factors such as an aging driver population, fewer drivers in the pipeline, and an under-representation of women and minorities in the field have made it increasingly difficult to hire and retain reliable drivers. This is especially true […]
3 Reasons Tank Monitors Should be Part of Your Hurricane Preparedness Plan
As a global pandemic continues to threaten the nation, propane marketers have already begun preparing for another potential national emergency. June 1st marked the official start of hurricane season. According to the National Oceanic and Atmospheric Administration’s forecast, the 2020 Atlantic hurricane season is “expected to be a busy one” with as many as 19 […]
7 Takeaways from the Energize 2020 Digital Conference
There’s a first time for everything, and last Wednesday, April 8 marked the delivered fuel industry’s first virtual conference, Energize 2020! Developed by partners Cargas, Qualpay, Cetane Associates, Tank Utility, and P3 Propane Safety, Energize was a full day event featuring 7 educational sessions designed around today’s fuel marketer. The sessions, including two fuel marketer […]
What to Do when Grain Drying Runs Up Against Heating Season
It has not been the easiest year for the Midwest. Not only did the polar vortex of Winter ’19 send temperatures plunging into the minus 20s, 30s, even 40s below zero across the region, but a record-breaking year of rainfall overwhelmed the Mississippi River, causing historic levels of flooding. Now we are seeing the repercussions of […]
The Driver Shortage: What is It and What Does It Mean for Your Propane Business?
Trying to hire more bobtail drivers but can’t find anyone to fill the job? Are you aware that there is a driver shortage across all industries? Even though there are more registered drivers than ever before, the demand for drivers is so high that there are not enough people to fill all the positions. Why are […]