This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ferrellgas Applauds Findings Of Independent Propane Gas Act Report

Stocks in this article: FGP

OVERLAND PARK, Kan., Nov. 14, 2011 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest distributors of propane, applauded today the findings of ICF International's independent analysis of the Propane Green Autogas Solutions Act of 2011 (H.R.2014/S.1120). The ICF International report confirms that passage of the bill will reduce U.S. dependence on foreign oil, cut greenhouse gas emissions and create as many as 40,000 domestic jobs by 2016.

A copy of the report can be found at

The Propane GAS Act renews current legislation that encourages investment in alternative fuel technologies through incentives which support the purchase of alternative fuels and construction of propane autogas refueling infrastructure. The Act also extends incentives supporting qualified autogas-enabled vehicles. Together, the bill's provisions help move capital toward propane autogas as a cleaner, domestically produced alternative to gasoline and diesel fuels.

"Today's report is further evidence that everyone wins with the passage of the Propane GAS Act; the bill will spark the economy and create good jobs while greening the auto industry," said George Koloroutis, president of Ferrell North America and senior vice president of Ferrellgas. "The Act also recognizes what we've known all along: propane autogas-powered vehicles burn cleaner and require less maintenance than conventionally-fueled models. Encouraging investment in this technology is a no-brainer."

According to ICF International's analysis, 84 percent of propane consumed in the U.S. is produced domestically. The gas originates predominately from U.S. natural gas plant production and refinery production from domestic oil. The analysis suggests the Propane GAS Act will reduce crude oil and petroleum product imports by as many as 117 million barrels by 2021.

"By supporting a fuel that we produce domestically, the Propane GAS Act will also improve the nation's energy security. Propane autogas is an American solution to an American issue," said Koloroutis.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs