The EIA reported total U.S. propane/propylene inventories increased by 4.1 MMbbl for the week ended March 27, well above industry expectations of a 414 Mbbl build, with stocks now at their highest level for the same week on record. Total inventories stand at 77 MMbbl, up 32.9 MMbbl, or 75%, from the same week in 2025 and 21.3 MMbbl, or 38%, above the five-year maximum, while also 32 MMbbl, or 71%, above the five-year average.
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- Analyst Insight
U.S. Propane Inventories Remain Elevated as Builds Begin to Moderate
U.S. Propane inventories remain elevated, but builds are starting to slow. Is the market beginning to level off?
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U.S. Propane: Record Production Meets Elevated Inventories
U.S. propane inventories continue to build and remain well above historical levels, even as production reaches record highs. Exports have also declined week over week.
- Analyst Insight
Gulf Coast Turns Down the Volume as U.S. Propane Stocks Roll Lower
U.S. propane inventories posted a second straight draw, led by a 1.9-MMbbl decline on the Gulf Coast. Total stocks remain 14% above the five-year average, but the surplus sits entirely in PADD 3, while Midwest stocks have slipped below the five-year average heading into winter.
