RBN Energy Weekly Supply Update
Bottom Line: Nationwide stock increases show promise.
RBN Energy analysis shows that nationwide inventories increased by the highest among for any one-week period in the last 10 years. However, overall inventory levels are still below this same time as last year and below the five-year minimum. The Midwest increased inventory stocks to reach more than this time last year. The Gulf Coast increased slightly with steady exports that remain less than half of domestic production. The East Coast inventories grew as well but remain below 2021 levels. The Rocky Mountain region and West Coast also experienced minor increases.
The fractionator fire in Medford, Oklahoma is not expected to present significant issues for the propane industry.
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 Vice President, Regulatory & Industry Affairs Sarah Reboli.
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