The 2017 Edition of NFPA 58 was approved for use on August 24, 2016. Among the changes included are new definitions and the addition of construction, transportation, and location requirements for skid tanks. Probably one of the most significant updates was a change that allows for permanent installation of skid tanks.
Last year, warm weather reduced heating demand to the lowest level nationally in at least 25 years. More recently, heating degree days for the month of September were lower than average nationwide. The forecast for this winter is calling for colder weather than last winter, but still above normal temperatures.
Consumer anxiety and uncertainty related to the election are real factors that impact our economy. Historically, business in general tends to slow down during election years and research has shown that a slow-down in capital expenditures is common. Businesses don’t like to make big investments during uncertain
As year-end approaches, many propane retail businesses are looking at ways to take advantage of the Section 179 Deduction on equipment purchases they’ve made or are going to make before the end of the year. Many propane marketers are already aware that Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and software that qualifies for the
Recently, I spoke to Mike Svoboda, the Managing Partner of Axmen Propane about marketing tools he currently uses. In Svoboda’s 30+ years in the propane retail industry he says that direct mail is still one of his favorite marketing methods. He says, “With direct mail you can target specific areas better than any other
It wasn’t that long ago that a new bulk plant project consisted of a tank, concrete piers, and your good buddy who could help you with the bulkhead, piping and plumbing. But over the past 10-15 years new technology, systems and methods have changed. Traditional bulk plants built using bare tanks and concrete piers are still
Some of our bulk storage and residential tank manufacturing partners have begun to issue warnings about the rising cost of steel and the potential effect on storage vessel prices. They are telling us to let our customers know that tank prices may go up this year as a result of steel price increases. If you’re on the fence about a storage tank purchase or are thinking about replenishing your residential tank inventory, acting sooner than later might be a smart move.