U.S. propane/propylene inventories continued their seasonal climb, increasing by 2.6 MMbbl during the week ended June 19, slightly above industry expectations for a 2.4 MMbbl build and the 5-year average build of 2.5 MMbbl for the week. As shown in the chart below, total stocks now stand at 90 MMbbl (red line), up 17.4 MMbbl, or 24%, from the same week in 2025 (blue line), 22.9 MMbbl, or 34%, above the 5-year average (green line), and 10.5 MMbbl, or 13%, above the previous 5-year maximum (top of gray range).
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- Analyst Insight
U.S. Propane Stocks Build While Exports Pull Back
U.S. propane inventories continue to climb. The EIA reported a larger-than-expected inventory build, pushing stocks to 87.4 MMbbl, 29% above year-ago levels and 35% above the five-year average. Propane exports moved lower week over week but remained above year-ago levels.
- Analyst Insight
Regional Winter Draws Emerge, but U.S. Propane Stocks Stay Elevated
Propane draws are emerging where winter demand matters most, but overall U.S. supply remains comfortable.
- Analyst Insight
U.S. Propane Posts Strong Draw as Inventories Remain Elevated
U.S. propane posted a stronger-than-expected draw, but inventories remain 31% above last year and 40% above the five-year average. Production rebounded, exports eased.
