U.S. propane inventories increased for the second consecutive week by 3.1 MMbbl. RBN Energy’s analysis shows total inventories at 75.5 MMbbl, with PADD 3 experiencing the largest build of all the regions. Total propane stocks are 45.6% higher than the same week in 2022 and 9.2 MMbbl above the five-year maximum.
Last week, U.S. propane inventories swelled by 1.7 MMbbl. RBN Energy’s analysis shows total inventories at 72.3 MMbbl, with PADD 2 experiencing the largest build of all the regions. Total propane stocks are 44% higher than the same week in 2022 and 5 MMbbl above the five-year maximum.
Access the full weekly reports to read more about the current inventory levels and likely causes, including logistics issues for different regions if supply chain stress continues. Visit NPGA’s Inventory Trends section for full weekly reports, monthly reports, and data analysis.
Questions? Contact NPGA Senior Manager, Industry Affairs Twana Aiken.
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