Propane Industry Impact on U.S. and State Economies
The propane industry is an important contributor to the U.S. economy. In 2009, the propane industry served nearly 44 million residential consumers, including supplying primary heating fuel to approximately six million households. The propane industry also delivered energy to about 875 thousand commercial customers, 400 thousand agricultural customers, and 200 thousand industrial customers, and provided fuel for about 147 thousand vehicles and 465 thousand forklifts, all of which contribute to U.S. Gross Domestic Product (GDP) and employment.
The Propane Education and Research Council (PERC) retained ICF International (ICF) develop a study examining the propane industry’s impact on U.S. and State economies. PERC, the National Propane Gas Association (NPGA), and ICF worked together to develop the study. ICF’s analysis evaluates the GDP contribution of each segment of the propane industry at both the national and state levels. An added emphasis in this value chain analysis is the disaggregation of domestic, North American, and imported sources in the value and volume of odorized propane.
This value chain analysis calculates the value added, employment, and wages for 2009 the latest year for which the full set of input data required for this study is available.
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