Today in Propane
A quick look at some of the key developments that have recently been moving the propane market:
Propane Prices Strengthen Mid-Month
Mid-February pricing at Mont Belvieu and Conway ticked higher, with propane reaching $0.64 per gallon on February19, up 0.45% from the previous day. While not dramatic, the move signals continued firmness compared to January levels and bears watching as seasonal demand shifts.
Heating Oil Pulls Back
Heating oil slipped to $2.58 per gallon on February 23 as warmer weather expectations and increased distillate inventories eased market pressure. The broader energy complex remains sensitive to inventory data and short-term weather patterns.
Acquisition Activity Continues Across Regions
Lakes Gas announced the acquisition of Superior Gas Service, thereby expanding its delivery capabilities in key communities. Reliable Energy Partners also acquired Kentucky-based Irvington Gas, reinforcing the ongoing consolidation trend within the retail propane sector.
PERC Expands Equipment and Safety Programs
The Propane Education & Research Council introduced its Propane Landscape Demonstration Program, promoting next-generation propane-powered equipment trials. The council also recently rolled out its “Every Day Safe” initiative aimed at strengthening safety culture across the industry.
New York Gas Ban Litigation Moves Forward
Oral arguments were heard on January 30 in the Second Circuit Court of Appeals regarding New York’s gas ban measures. State-level restrictions remain paused as legal challenges continue to play out.
Superior Plus Posts Strong Q4 Results
Superior Plus reported higher net income for Q4 2025, driven by stronger propane volumes and continued gains from its Superior Delivers strategy. U.S. propane operations contributed $96.7 million in adjusted EBITDA for the quarter.
LP Gas Publishes Top Retailers List
LP Gas Magazine released its annual ranking of top propane retailers by 2025 gallon sales. AmeriGas again led nationally, with separate rankings highlighting multi-state and independent operators.
