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Weekly Propane Newsletter
Volume 41, Number 17 April 25, 2011 Page 2... •NPGA Urges Changes to OSHA Crane Rule •Vermont House Passes Bill to Further Regulate Propane •Icom, Jasper Introduce Liquid Propane Injection System for Diesel Page 3... •CleanFUEL USA Rolls Out Reseller Channel for Dispensers •Propane Stocks Drop Again Page 6... •Alliance Expands Network to Las Vegas, Salt Lake CityBPN’s

In This Issue

Belvieu, Conway Spots Move Higher

Spot propane prices in the Group 140 (Conway, Kan.) market and at Mont Belvieu have moved considerably higher since the Monday Update. Market watchers noted continuing bullish crude oil prices and across-the-board inventory draws for crude and refined products reported by the government Wednesday are among the factors supporting higherpropane prices. Risk premiums are also said to be in play as the Libyan conflict continues, disrupting oil output. In addition, currency fluctuations are affecting the markets as the dollar trades low against the euro, making commodities such as crude attractive hedges against the dollar. Crude early Thursday rose 49 cents, or 0.4%, on NYMEX to trade at $111.94/bbl. Group 140 spots mid-morningThursday were at 136.75138.25 cents/gal., with an early deal reported done at 138.00 cents. Prices have climbed 6.75 cents for buyers and 6.25 cents for sellers since Monday. At Mont Belvieu, LDH spot propane was carrying about a 2-cent premium to non-LDH. LDH spots stood at 149.00-150.00 cents/gal. mid-morning, up a marked 8.5 cents for buyers and sellers since the last Update. Trades were posted at149.25 and 149.75 cents. Non-LDH spots, at 146.50-147.25 cents/gal., have risen 6 cents for buyers and 5.75 cents for sellers over the week. One deal at 147.00 cents was reported done. Canadian spots have also stepped up over the week. Edmonton propane Thursday stood at 129.00-130.00 cents/gal., moving higher by 7 cents for buyers and sellers. The Edmonton market continues to carry about an 8-centdiscount to Conway. Sarnia spots, at 151.00-152.00 cents/gal., are up 6.5 cents for buyers and 7 cents for sellers since the Monday Update. Traders observe propane continues to trade in the low- to mid-50% range of crude on a per-gallon basis. Belvieu propane is at about 56%, while Conway product is at around 52%. Meanwhile, the International Energy Agency comments that the world economy continuesto be hurt by high crude oil prices, threatening the fragile and long-awaited economic recovery.

Principal Averages
Mont Belvieu ...........................153.603 Kearney....................................142.828 Conway....................................140.806 Los Angeles ..............................152.333 Selkirk......................................163.460 Apex........................................155.709 Hattiesburg ...............................151.148
All Postings reflect rack price only and do not include other fees, assessments, or taxes.

Weekly Propane Newsletter John Needham, Editor Published by Butane-Propane News, Inc. 338 E. Foothill Blvd. P.O. Box 660698 Arcadia, CA 91006 Phone 626/357-2168 Fax 626/303-2854 john@bpnews.com subscriptions@bpnews.com

Copyingor faxing any part of this material, even for internal use, is expressly forbidden without permission of Butane-Propane News, Inc.

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NPGA Urges Changes to OSHA Crane Rule

The National Propane Gas Association (NPGA) has submitted comments to the Department of Labor urging the department’s Occupational Safety and Health Administration (OSHA) to reconsider its recent rulemaking on cranesand derricks used in construction—as it affects the propane industry. NPGA’s comments were in response to the Labor Department’s Request for Information (RFI) regarding Executive Order 13563, Improving Regulations and Regulatory Review. The association notes the final rule contains “several onerous provisions,” most notably, the requirement for crane operators to be trained and certified, or...
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