The EIA reported a 3.1 MMbbl draw in total U.S. propane/propylene inventories for the week ended February 13, smaller than industry expectations for a 3.4 MMbbl decline and below the average draw of 3.2 MMbbl for the week. Even with the pull, total stocks stand at 74.2 MMbbl — 18.9 MMbbl, or 34%, above the same week in 2025, 10.8 MMbbl, or 17%, above the five-year maximum, and 22.2 MMbbl, or 43%, above the five-year average. Much of the surplus remains concentrated in PADD 3.
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U.S. Propane Stocks Show Modest Draw as Regional Imbalances Deepen
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U.S. Propane Posts Strong Draw as Inventories Remain Elevated
U.S. propane posted a stronger-than-expected draw, but inventories remain 31% above last year and 40% above the five-year average. Production rebounded, exports eased.
