The EIA reported a 2.2 MMbbl draw in total U.S. propane/propylene inventories, exceeding industry expectations for a 1.8 MMbbl decline but falling short of the average draw for the week of 2.4 MMbbl. Despite the draw, total inventories remain 19% higher than the same period last year. U.S. propane inventories remain well above historical norms, with the majority of the recent draw occurring in PADDs 1, 2, 4, and 5. Total U.S. propane/propylene stocks stand at 98.1 MMbbl (red line in chart below), which is 15.5 MMbbl above the same week in 2025 (blue line) and above the five-year maximum. Inventories are also 23 MMbbl, or 31%, above the five-year average.
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