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The wholesale price of propane in the summer of 2018 was between 86 cents to 96 cents per U.S. gallon, based on a truckload or railway car load. The price for home heating was exactly double that price; at 95 cents per gallon wholesale, a home-delivered price was $1.90 per gallon if ordered 500 gallons at a time.
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. [ 1 ][ 2 ][ 3 ]
AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [2]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.
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However, the cost (monetary, environmental, pre-existing infrastructure) of distribution, compression, and cooling must be taken into account. In addition, natural gas has a higher Octane rating than gasoline, with an octane rating of 112 RON/105 AKI for propane and 120 RON/120 AKI for methane, making it less likely to cause engine knocking.
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