PADD 1 experienced the largest decline in the last 10 years. RBN Energy analysis shows that U.S. propane stocks declined by 955 Mbbl, which puts stocks at 89.7 MMbbl, bringing it to 16.4 MMbbl above the same week in 2021 and 1.6 MMbbl higher than the five-year maximum.
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.
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