NPGA Bobtail

EIA Supply Update

Bottom Line: Propane/propylene inventories decline

U.S. propane/propylene stocks decreased by 5.9 million barrels last week to 41.9 million barrels as of February 11, 2022, 8.6 million barrels (17.0%) less than the five-year (2017-2021) average inventory levels for this same time of year. Gulf Coast, Midwest, and East Coast inventories decreased by 2.5 million barrels, 1.9 million barrels, and 1.6 million barrels, respectively, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged.

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