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
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.
