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API’s Cavaney Tells Congress Industry Ready for Challenge
Gasoline Makers Show Agility in Unusual Market
Red Cavaney, president of the American Petroleum Institute, offered U.S. lawmakers an appraisal of ongoing activities in the country’s oil industry, sending Congress a letter Friday (5/23) to explain the curious status for the nation’s gasoline makers.
The president of the Washington, D.C.-based industry group told Congressional leaders that U.S. petroleum companies continue to make adjustments to deal what he referred to as “fluxing and unusual market conditions,” as the country kicks off the summer’s peak driving season.
[FULL STORY]
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Propane Goliath Adds Heft with Active Acquisition
AmeriGas Expands Distribution, Cylinder Exchange Business
Serving more than 1.3 million customers in nearly 50 states already, AmeriGas Partners, L.P., the country’s largest propane company, got a little bigger last week. Operating out of its corporate headquarters in Valley Forge, Pennsylvania, AmeriGas said it recently purchased substantially all of the propane distribution assets of Illinois’ Active Propane Company.
Active Propane is the largest participant in the grill cylinder exchange business in the Chicago area, as well a leader in the forklift cylinder business and serves a number of residential customers.
[FULL STORY]
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