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AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [4]In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.
Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, n-butane and isobutane. It can sometimes contain some propylene , butylene , and isobutene .
Individual stations are unlikely to sell gasoline at a loss, and the profit margin—typically between 7 and 11 cents a US gallon (2–3 cents per liter)—that they make from gasoline sales is limited by competitive pressures: a gas station which charges more than others will lose customers to them.
The density of liquid propane at 25 °C (77 °F) is 0.493 g/cm 3, which is equivalent to 4.11 pounds per U.S. liquid gallon or 493 g/L. Propane expands at 1.5% per 10 °F. Thus, liquid propane has a density of approximately 4.2 pounds per gallon (504 g/L) at 60 °F (15.6 °C).
Energy Transfer owns controlling interests in Sunoco LP.It also owns 100% of Sunoco Logistics Partners Operations L.P., 46% non-economic general partner interest in USA Compression Partners L.P., and 100% of Lake Charles LNG which consists of an LNG import terminal and regasification facility near Lake Charles, Louisiana.
In October 1964, Industrial Gases, Inc., of Pittsburgh, Pennsylvania, filed an antitrust suit in United States district court charging the company with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. [6] The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission.
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The cost to convert a vehicle to propane in Canada is approximately CA$4,000 to CA$6,000 for the current vapour or liquid fuel injected technology, and fleet users can expect a payback on the conversion cost within a year. Converting a vehicle to propane is approximately half the cost of converting a vehicle to natural gas in Canada.