The EIA reported total U.S. propane/propylene inventories had a withdrawal of 3.4 MMbbl for the week ending March 7, which was more than industry expectations of 1.6 MMbbl and the average draw for the week of 1.2 MMbbl. Storage levels were 13% below the same period last year.
Purity propane stocks reported by the EIA were at 21.6 MMbbl, or 48% 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, monthly report, and data analysis. Questions? Contact Kate Gaziano, Director of Regulatory Affairs and Associate General Counsel.
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