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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.
On December 1, 2002, Ferrellgas purchased the propane operations of ProAm, Inc., then the nation's 17th largest propane retailer, for $25.6 million and a $10 million deferred seller note. The regional company had 70,000 customers and 57 retail outlets in seven states, the largest concentration of these being in Georgia and Texas.
As of December 2015, the propane retail cost was approximately $1.97 per gallon, [62] which meant filling a 500-gallon propane tank to 80% capacity costed $788, a 16.9% decrease or $160 less from November 2013. Similar regional differences in prices are present with the December 2015 EIA figure for the East Coast at $2.67 per gallon and the ...
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Dollar General stock tumbled 32% on Thursday after the discount retailer cut its outlook, pointing to a financially pressured customer. Thursday's drop in Dollar General was its biggest on record.
Newer stations may employ a single pipe for every dispenser. This pipe houses a number of smaller pipes for the individual fuel types. Fuel tanks, dispenser and nozzles used to fill car tanks employ vapor recovery systems, which prevents releases of vapor into the atmosphere with a system of pipes. The exhausts are placed as high as possible.
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