PERC Releases 2013 Market Outlook

The Propane Education & Research Council (PERC) has released a report (prepared by ICF International) that provides a view of the challenges and opportunities for domestic propane markets through 2020. It also offers an update on the state of the propane industry, as well as looks at key market trends.

The study notes:
However, recent developments have improved the outlook for propane use in internal combustion engines. These developments include the availability of new emissions-certified engines, widening spreads between propane and conventional fuel prices, and the growing acceptance of propane vehicles by commercial vehicle fleet operators. With crude oil, gasoline, and diesel fuel prices projected to remain high to the end of the decade, propane’s price advantage should help drive continuing growth in the engine fuel segment. ICF is projecting propane vehicle sales to increase from fewer than 5,000 in 2011 to more than 40,000 per year by 2020, with the potential for much higher growth depending on national energy policy and the rate at which the propane industry choses to develop propane refueling infrastructure and promote propane vehicle sales.

Click here to download the report.