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The purchase is the company's first in its fiscal year that began Aug. 1, and the fourth this calendar year. Terms of the deal were not disclosed.
“Economy Propane is a perfect example of a company that meets Ferrellgas' strict criteria of acquiring good businesses in good markets,” said President and Chief Executive Officer Steve Wambold. “We look forward to serving these new customers and to welcoming Economy's employees into the Ferrellgas family.”
This most recent purchase adds to the approximately 225 acquisitions the company has completed in its 72-year history.
During that time, Ferrellgas has grown from a small, family-owned business to a publicly traded company that is the nation's second largest propane retailer and, through its Blue Rhino operation, the nation's largest provider of propane by portable tank exchange.
Ferrellgas Partners, L.P. is a Fortune 1000 company and, through its operating partnership, Ferrellgas, L.P., serves approximately 1 million customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas Employees indirectly own more than 20 million common units of the partnership through an employee stock ownership plan.
More information about the company can be found at www.ferrellgas.com/.
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LUCERNE, Calif. – On Saturday, Sept. 24, enjoy the Kelseyville Pear Festival and around 5 p.m. head over to Lakeview Supermarket and Deli in downtown Lucerne.
Kenny and Deana Parlet invite all chamber members, their friends and family to come and celebrate Lakeview’s 42nd anniversary.
Lake County Chamber members, check in at the Lake County Chamber Registration table for your member wristband.
Then enjoy a barbecued chicken and rib dinner for only $10, including a beverage.
Dinner will be served starting at 6 p.m. and served up until 7:30 p.m.
After some exciting raffle drawings, there will be music provided by Tony Barthel.
A sidewalk sale, meat cutting demonstrations and dancing will go on until 9:30 p.m. or even later.
Plan to attend both the Kelseyville Pear Festival, and then come celebrate, dance, enjoy a beverage and have a great meal with your friends at Lakeview Supermarket and Deli.
Lucerne’s Third Avenue Plaza is finally finished and is just a block away. Come see Lucerne's beautiful new parks, and stop by to celebrate with Lakeview Supermarket & Deli. You might want to bring an ice chest to stock up on Northern California’s best meats at unbelievable prices.
Lakeview Supermarket and Deli is located at 6068 E. Highway 20, Lucerne.
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WALNUT CREEK, Calif. – Huge month to month jumps in gas prices can be seen in many metro areas across Northern California, according to the latest report from AAA Northern California, which tracks gas prices as a service to consumers.
According to AAA, all but four Northern California metro areas tracked by the organization saw double digit increases at the pump over the past month.
The Golden State’s average for a gallon of regular, unleaded gasoline is $3.95, up 17 cents since last month’s AAA report on Aug. 9. For perspective, that’s 93 cents higher than California’s average price on this date last year.
Among all 50 states, California has the third highest state average price for regular, unleaded gasoline. Hawaii is first and Alaska is second.
Northern California gas prices are now averaging $3.93, up 14 cents from last month. In the San Francisco Bay Area, motorists can expect to pay an average price of $4, which is a 12-cent increase. The national average price of $3.64 is down by one cent, which is 93 cents more than the national price on this date last year, when it was $2.71.
“Although demand for gasoline has fallen over the past week, which would typically help keep prices down, storms in the Gulf and East Coasts have applied upward pressure on gasoline prices in several parts of the country,” explained AAA Northern California spokesperson Matt Skryja. “In California, the state’s average price for gasoline has recently been relatively steady.”
Oil is a global commodity that is traded around the world. Economic fears among investors typically means the price per barrel drops, and the price of gas usually follows.
Recently, concerns over the condition of European economies caused the price of crude to drop, but the price then rallied as the value of the U.S. dollar dropped.
Commodities are traded in U.S. dollars. As the dollar weakens, relative to currencies abroad, the effective price of these products (including crude oil) for investors outside of the U.S. becomes cheaper. Oil futures become a more attractive investment and prices are pressured upward.
However, some market analysts feel the oil market will move lower in the long-term. Adding credence to this bearish long-term forecast is news from the Department of Energy’s (DOE’s) Energy Information Administration. It lowered its forecast for both oil prices and demand growth over the next 16 months, citing lower growth projections for domestic and global economies.
The least expensive average price in Northern California can be found in Marysville where regular is $3.85. Of all the metro areas in Northern California where gas prices are tracked by AAA, Eureka and South Lake Tahoe both have an average price of $4.08, the highest in Northern California.
This is also the highest price in the lower 48 states. The least expensive gasoline in the country is found in St. Louis, Missouri, where the average price of gas is $3.25. Wailuku, Hawaii, holds the dubious crown for the highest average price in the nation, at $4.39 per gallon.
One way consumers can reduce the amount of money they spend on fuel is to shop aggressively for the lowest price. AAA now offers text alerts via mobile phone for low gas prices in your area. Sign up today at www.aaa.com/gas.
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The annual Taxpayers’ Bill of Rights hearings provide a forum for business and property taxpayers to present ideas for improving the administration of tax programs at the BOE.
“During these uncertain economic times, it is important to make available resources that may be of assistance to California individuals and businesses,” said First District Member Betty T. Yee. “I invite you to attend our annual Taxpayers’ Bill of Rights hearings so that we may be of assistance to you.”
Each year the elected board members of the California State Board of Equalization hold public hearings in Sacramento and Culver City.
Taxpayers are encouraged to share their ideas and concerns related to the administration and oversight of business taxes and property taxes at the BOE. In addition to safeguarding the rights, privacy, and property of taxpayers, board members are interested in discussing ways they can help taxpayers better understand California’s state tax laws.
The hearings will begin at 1:30 p.m. at the State Board of Equalization Headquarters Building, Room 121, 450 N St., Sacramento, CA 95814.
The Taxpayers’ Bill of Rights Hearings in Sacramento will be Webcast live at www.boe.ca.gov.
Taxpayers interested in making a presentation at the Taxpayers’ Bill of Rights Hearings are invited to contact the BOE Taxpayers’ Rights Advocate Office by calling 888-324-2798, or by email at www.boe.ca.gov/info/emailtra.htm.
More information about the annual hearings is available online at www.boe.ca.gov/meetings/heartra.htm.
The Taxpayers’ Bill of Rights Hearings in Culver City were held on June 21.
Enacted in January 1989, the Harris-Katz California Taxpayers’ Bill of Rights Law requires that the BOE ensure that the rights of California taxpayers are protected during the assessment and collection of sales and use taxes.
The Taxpayers’ Bill of Rights was expanded in 1993 to include special tax programs such as excise, fuel, and alcohol taxes, and the Morgan Property Taxpayers’ Bill of Rights was added in 1994.
The BOE is required by law to conduct public Bill of Rights hearings annually.