Western Canada’s propane inventories at the end of October (red line and text in left hand chart below) were posted at 6.5 MMbbl, with a greater than seasonal average decline of 0.6 MMbbl versus September and stand 1.4 MMbbl (-17%) below the five-year average (blue line) according to data from the Canada Energy Regulator (CER). The larger than average decline in the month appears to be a combination of seasonally higher shipments by rail and production which declined slightly versus September. Weather was certainly not a factor with Western Canada recording population weighted heating degree days (a measure of how cold was the weather) in October that were slightly lower than a year ago and 15% and 18% below the 10- and 30-year averages, respectively.
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