The EIA reported a 1.5-MMbbl draw in total U.S. propane/propylene inventories for the week ended October 9, lowering stocks to 106.4 MMbbl (red line in the chart below). The draw was about twice the industry-expected draw of 730 Mbbl, ran counter to the average build of 324 Mbbl for the week, and extended the prior week's 1.8-MMbbl draw. Even so, stocks are 4 MMbbl, or 4%, above the same week in 2025 (blue line), 3.2 MMbbl, or 3%, above the five-year maximum, and 13.3 MMbbl, or 14%, above the five-year average (green line).
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- Analyst Insight
U.S. Propane Exports Rock Back as Stocks Roll Lower
U.S. propane inventories posted a larger-than-expected draw as exports rebounded and Gulf Coast stocks pulled back from last week’s record high. Total inventories remain 17% above the five-year average heading into the seasonal draw period.
- Analyst Insight
U.S. Propane Build Falls Short as PADD 3 Stocks Draw
U.S. propane inventories posted a smaller-than-expected 817-Mbbl build, while PADD 3 stocks reversed course with a counter-seasonal draw—even as weekly exports declined.
- Analyst Insight
Gulf Coast Build Lifts U.S. Propane Stocks to New Record
U.S. propane inventories climbed to a second consecutive record as Gulf Coast and Midwest stocks accounted for approximately 92% of the weekly build. If inventories continue building at a similar pace, total stocks could approach 119 MMbbl by early October.
