Browse full report at: http://www.transparencymarketresearch.com/propane-market.html
The prices for propane are changing more rapidly than for electricity and natural gas. These rapid changes in propane prices will influence consumer perceptions about propane, which will in turn increase the level of uncertainty and risk associated with choosing propane. The propane hedging program, will help in minimizing the volatility and reducing the negate impact of price volatility on consumers. Propane-fueled engines produce less air pollution than gasoline engines. Hydrocarbon emissions are 30% to 62% lower in propane fueled engines.
The demand of propane market wedges is expected to add more than 500 million gallons per years by 2018 if the opportunities in this market are fully realized. In 2010, 8.4 million residential households consume about 5 billion gallons per year of fuel oil for heating up their homes, which is equivalent to about 7.5 billion gallons of propane. The households in North-eastern U.S., primarily in the New England states, New York, New Jersey, and Pennsylvania consumed 80 % of propane.
More reports on Chemicals & Materials market:
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.
TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.
90 State Street,
Albany NY - 12207
Browse another blog: http://marketingresearchfirm.wordpress.com