The EIA reported a 1.3-MMbbl build in U.S. propane/propylene inventories for the week ended June 26, well below industry expectations for a 2.6-MMbbl build and the five-year average build of 2.0 MMbbl for the week. Total stocks increased to 91.3 MMbbl (red line in chart below), remaining 15.7 MMbbl, or 21%, above the same week in 2025 (blue line), 22.3 MMbbl, or 32%, above the five-year average (green line), and 10.2 MMbbl, or 13%, above the previous five-year maximum. Despite the smaller-than-average build, total inventories continue to run well above typical levels for this time of year.
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- Analyst Insight
U.S. Propane Inventories Rise as Production Trends Lower
U.S. propane inventories reached their highest level recorded for the same reporting week, led by record PADD 3 stocks, while production declined for a third consecutive week.
- Analyst Insight
Counterseasonal Draw Trims Elevated U.S. Propane Stocks
A counterseasonal draw pulled U.S. propane inventories lower as exports and product supplied increased, but stocks remained well above historical levels.
- Analyst Insight
U.S. Propane Build Falls Short as PADD 3 Stocks Draw
U.S. propane inventories posted a smaller-than-expected 817-Mbbl build, while PADD 3 stocks reversed course with a counter-seasonal draw—even as weekly exports declined.
