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Gr a y , Gr a y & Gr a y R elease 2024 P r op an e In du s tr y Sur v e y Fin din gs
Gray, Gray & Gray Release 2024 Propane Industry Survey Findings

or the past 33 years, Gray, Gray, & Gray has
been conducting annual surveys of the nation's
energy marketers. For the past eight years,
Fthis Massachusett's-based propane, fuel oil,
and energy industry consulting and accounting firm
has conducted a survey focused on national propane
marketers. The survey serves as a benchmark for
retail propane marketers throughout the country.
Survey results are based on reported operational and
financial data for the heating season from April 2023
through March 2024. For the 2024 survey, Gray, Gray
& Gray partnered with Angus Energy for addition-
al research and the Propane Research and Energy
Council (PERC) for guidance. This partnership provid-
ed additional statistics and data to supplement survey • But nobody is standing still. Dealers are working
responses. hard to increase their per gallon profit margins
(88%) by adding new services (22%), focusing on
Some of the highlights from the results of the improving efficiency by making fewer (but larg-
2024 Propane Industry Survey include: er) deliveries (68%), optimizing fleet operations

• Technology is increasing in importance for a through better delivery planning (69%).
company to remain competitive. 61% of survey • More dealers are paying closer attention to plan-
respondents reported that they “need to keep up ning for the future. 36% say they have a strategic
with the best practices in the industry” when it business plan in place for the next 2-5 years, up
comes to adopting new technologies; while 29% 4% over 2023; and 56% have a business succes-
say technology will “impact my decision-making sion plan in place, up 5% from last year.
only when I see the results.”
To see Gray, Gray & Gray's full report from the
• Propane marketers remain confident in their 2024 Propane Industry Survey, click here.■
industry and their own
future. 82% of dealers
report they are either
“highly confident” (39%)
or “confident” (43%) in
their ability to remain a
viable business, while 40% Bobtails to Bulkplants
say they are in the market
to make an acquisition in
2024.
• Further evidence of opti-
mism: 54% of dealers an- New Bobtails
Betts Vapor Proof Lights:
New Installations
ticipate adding at least 1-3 Refurbished Bobtails complete stock of lights, lens Maintenance & Repairs
Hydrostatic Testing
& accessories
new vehicles to their fleet Annual VK Inspections Truck Meter & All Work Performed to NFPA 58
Code Upgrades
Annual DOT Inspections
in 2024; with another 8% Base Engineering Shutdown Dispenser Calibration Storage Plant Acquisition & Removal
planning to grow by 4-5
new vehicles, 4% planning FREE ESTIMATES
for 6-10 new vehicles, and Jason Gamble, Owner (256) 593-2420
8% looking to put 11+ new 40 Industry Drive (205) 616-9084 (800) 757-6639
Boaz, AL 35956
vehicles on the road. Email: lptrucks256@aol.com Fax: (256) 593-2460

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