RBN Energy Weekly Supply Update

Bottom Line: Nationwide inventories reach above this time last year, 5-year minimum.  The RBN Energy analysis shows that U.S. propane stocks increased by 3.76 MMbbl, which puts stocks at 77.9 MMbbl, bringing it to 7 MMbbl above the five-year minimum and same week during 2021. East Coast inventories increased to 420 Mbbl, which puts it at 7.4 MMbbl. The region remains below the levels from last year but 1.5 Mbbl above the five-year minimum. The Gulf Coast inventories grew to reach above this time last year and 10 MMbbl over the five-year minimum. The Midwest experienced an increased build of 721 Mbbl, bring total inventories to 22.8 MMbbl. Total inventories in the Midwest remain below 2021 and at the bottom of the five-year range.

Access the full weekly report to read more about the current inventory levels and likely causes, including the impact on exports of ongoing lock-downs in China and the geopolitical conflict in Europe.  Visit NPGA’s Inventory Trends section for the full weekly report, monthly report, and data analysis.

Questions? Contact NPGA Manager, Industry Affairs Twana Aiken.