LP Gas, October 2018
industry UPDATE weather watch HURRICANE WARNING As Hurricane Florence bore down on the Eastern Seaboard the Occupational Safety and Health Administration OSHA reminded business owners what they can do to ensure employees are safe during natural disasters According to OSHA it is important to have an evacuation plan in place for some businesses it is required An evacuation plan should include conditions to activate chain of command emergency functions and who will perform them specific evacuation procedures procedures for accounting for personnel and equipment for personnel LENDING A HELPING HAND Virginia based Foster Fuels stationed over 100 fuel trucks throughout the East Coast in preparation for the storm The trucks part of the Foster Fuels Mission Critical division were carrying loads of diesel gasoline propane and other necessary provisions The Mission Critical division provides fuel for critical infrastructure such as hospitals first responder units and emergency vehicles during natural disasters POWER IN THE STORM Hurricane Lane was downgraded to a tropical storm by the time it hit the Hawaiian Islands but it still managed to drop record amounts of rain dumping as much as 45 in of rain on the Big Island Hawaii Gas ensured first responders had an adequate supply of propane throughout the disaster Gas customers with the proper appliances were able to cook and have hot water and emergency power throughout the storm despite power outages STAYING UP AND RUNNING Across the state we will do everything we can to keep our customers supplied with natural gas and propane during and after this event says Alicia Moy president and CEO of Hawaii Gas We are prepared for the worst but hoping for the best We have more than a million gallons of inventory statewide and our inter island barges are ready to transport propane between islands as needed PROPANE MARKET METRICS U S INTERNAL COMBUSTION DEMAND MILLION GALLONS Consumption by Type 2017 2018 est 2019 est Internal Combustion 776 838 910 IC Forklift 433 433 431 IC Autogas Other 343 405 479 PROPANE FUELED IC ENGINES BY TYPE NUMBER OF UNITS IC Engine Type 2017 2018 est 2019 est Forklifts 444996 451093 462198 On Road 103699 116059 130739 School Buses 14744 15200 16400 Source ICF Source ICF STOCK WATCH PROPANE USE IN INTERNAL COMBUSTION ENGINES Consumption of propane for internal combustion engines is projected to continue to increase in 2019 LPGasmagazine com October 2018 LPGas 9 ISTOCK COM JENNAWAGNER Source Company data FactSet and Wells Fargo Securities LLC Data courtesy of Hawaii Gas The Occupational Safety and Health Administration Foster Fuels Company 12 month chart as of September 18 Price 9 17 18 Current Yield 52 Week Low 52 Week High YTD Price Performance AmeriGas APU 4020 95 3901 4837 130 Ferrellgas FGP 298 138 270 575 304 Suburban Propane SPH 2326 104 2185 2705 40
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