The EIA reported a 2.1 MMbbl build in U.S. propane/propylene inventories for the week ended May 29, exceeding industry expectations for a 1.25 MMbbl increase but falling 849 Mbbl short of the average 3 MMbbl build for the week. Total inventories rose to 83.3 MMbbl, which is 21.4 MMbbl (35%) above the same week in 2025, 23 MMbbl (38%) above the five-year average, and 11 MMbbl (15%) above the five-year maximum for this time of year.
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- Analyst Insight
Record Propane Exports Drive Rare Seasonal Propane Inventory Draw
PADD 3 propane inventories posted a rare 1.2-MMbbl draw as U.S. propane exports surged to a record 2.63 MMb/d. Growing utilization of Gulf Coast flex terminals continues to support strong propane exports and tighter regional balances.
- Analyst Insight
PADD 3 Keeps U.S. Propane Inventories Well Above Average Levels
U.S. propane inventories remain well above normal, led by elevated PADD 3 stocks.
- 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.