The EIA reported a 1.8-MMbbl draw in total U.S. propane/propylene inventories for the week ended October 2, lowering stocks to 107.8 MMbbl (red line in the chart below). The decline was well beyond industry expectations of a 467-Mbbl draw and ran counter to the average build of 128 Mbbl for the week, erasing the prior week's 1.8-MMbbl build. Even so, stocks are 7.3 MMbbl, or 7%, above the same week in 2025 (blue line), 6.3 MMbbl, or 6%, above the five-year maximum, and 15.9 MMbbl, or 17%, above the five-year average (green line).
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- Analyst Insight
U.S. Propane Inventories Climb as Exports Sink
U.S. propane inventories climbed more than expected, with Gulf Coast stocks reaching a record high, while exports fell sharply. Total inventories remain 19% above the five-year average as the market moves toward 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
Exports Let the Air Out of U.S. Propane’s Cushion Early
U.S. propane inventories have fallen 3.8 MMbbl in three weeks, the steepest decline for this period in at least a decade, as strong exports pull Gulf Coast stocks lower. The surplus to last year has shrunk to 2.7 MMbbl and could disappear as soon as next week.
