Total U.S. propane/propylene inventories posted a counter-seasonal draw of 845 Mbbl during the week ended July 3 (red bar in Figure 1), about 3 MMbbl below industry expectations and 2.6 MMbbl below the average build of 1.7 MMbbl for the reporting week (green bar). It was the largest draw for the same reporting week since 2019. Total U.S. inventories are now at 90.5 MMbbl (red line in Figure 2), leaving stocks 12.1 MMbbl, or 15%, above the same week in 2025 (blue line), 19.3 MMbbl, or 27%, above the five-year average (green dashed line), and 6.7 MMbbl, or 8%, above the previous five-year maximum.
Featured Articles
- 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
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: 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.
