The Alternative Fuel Tax Credit can help increase the use of propane as a vehicle fuel. Click the title above to get started on a letter to your Senators and Members of Congress urging them to support these tax credits.
Preliminary IHS Waterborne November export data appears to be similar to October values. The export volumes in the latest Waterborne report are approximately 70,000 barrels per day lower than volumes forecasted in the October trend report as chemical demand was slightly lower in Japan than originally expected due to high propane prices globally.
On October 17, Senators John Thune (R-SD) and Amy Klobuchar (D-MN) introduced legislation to improve the monitoring and reporting of propane stocks and days of supply by the Energy Information Administration. Specifically, the bill would require, not later than 30 days after enactment, “that any data published relating to days of supply of propane inventories in the United States include a calculation of the volume of exports of propane.”
OSHA Revises Interpretation of Retail Facility Exemption for Process Safety Management – Retail Propane Marketers NOT Affected
On July 22, the Occupational Safety and Health Administration (OSHA) issued a revised interpretation of its ‘retail facility’ exemption policy as it applies to the agency’s Process Safety Management (PSM) regulations. This action is in response to the President’s August 1, 2013 Executive Order 13650, which required agencies to evaluate their chemical safety and security regulations.
Hurricane Harvey left many in the US propane industry with hopes that export capacity affected by the storm would be thwarted to a level to allow US inventory to reach adequate levels in time for the winter. However, the latest EIA inventory data and export data from IHS Waterborne shows that the United States propane inventory build is not accelerating at the pace necessary for adequate inventory builds for the winter season. Exports for September are now expected to be much higher post Hurricane Harvey than prior to the hurricane.