RBN & EIA Energy Updates

The U.S. Energy Information Administration (EIA) reported total U.S. propane/propylene inventories had a withdrawal of 2.9 MMbbl for the week ending February 28, which was more than industry expectations of 2.4 MMbbl and the average draw for the week of 2.3 MMbbl. Storage levels were 5% below the same period last year. » Purity propane stocks reported by the EIA were at 24.4 MMbbl, or 50% of total U.S. inventories, down 2.8 MMbbl from the prior reporting period. Visit NPGA’s Inventory Trends section for the full weekly report from RBN, monthly report, and data analysis.

The latest report from EIA provides key insights into the propane market as of March 5, 2025. The national average for residential propane was $2.748 per gallon, higher than last year by $0.152 per gallon. Prices varied across regions, with the East Coast averaging the highest prices ($3.641 per gallon) compared to the Midwest ($2.246 per gallon.) The national average for wholesale propane was $1.145 per gallon, up from the previous year by $0.149 per gallon. The East Coast has the highest prices, and the Gulf Coast has the lowest. For more detailed information, click here to review the report.

Questions?  Contact Kate Gaziano, Director of Regulatory Affairs and Associate General Counsel.