The EIA reported a draw of 2.1 MMbbl in total U.S. propane/propylene inventories for the week ended January 16, which was smaller than industry expectations for a 2.5 MMbbl decline and below the five-year average draw of 3.8 MMbbl for the week. Despite the draw, total inventories remain elevated at 93.6 MMbbl, standing 19.5 MMbbl, or 26%, above the same week in 2025 and 18 MMbbl, or 24%, above the five-year maximum. Inventories are also 27.3 MMbbl, or 41%, above the five-year average, reinforcing the extent of the current inventory overhang.
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U.S. Propane Inventories Remain Elevated Despite Smaller-Than-Expected Build
U.S. propane inventories remain historically elevated, but this week’s EIA report showed a much smaller-than-expected storage build heading into summer. At the same time, propane exports softened while production stayed near April’s record highs, continuing to support ample domestic supply availability. Read this week’s Propane Billboard for the latest inventory, export and pricing trends.
