The EIA reported total U.S. propane/propylene inventories had a build of 2.7 MMbbl for the week ended July 4, falling short of industry expectations for a 2.9 MMbbl increase but exceeding the five-year average build of 2 MMbbl. This marks the third straight week that inventory gains have surpassed the 10-year average. Total U.S. propane stocks now stand at 78.3 MMbbl—on par with the same week in 2024, 5.4 MMbbl, or 7%, below the five-year maximum, and 7.5 MMbbl, or 11%, above the five-year average.

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