The EIA reported a 2.5-MMbbl build in total U.S. propane/propylene inventories for the week ended July 24, about 510 Mbbl above industry expectations for a build of approximately 2 MMbbl. Total stocks increased to 102.3 MMbbl (red line in the chart below), the highest level recorded for the same reporting week. Inventories are now 18.8 MMbbl, or 23%, above the same week in 2025 (blue line), 13.7 MMbbl, or 15%, above the previous five-year maximum, and 24.8 MMbbl, or 32%, above the five-year average (green line).
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- 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.
- Analyst Insight
U.S. Propane Stocks Climb as East Coast Leads the Build
U.S. propane inventories rose more than expected, reaching their highest level since last fall and climbing 30% above the five-year average. The East Coast drove this week’s build, while the Gulf Coast remained the foundation of the country’s elevated inventory position.
- Analyst Insight
U.S. Propane Inventories Post Rare Early-July Draw
U.S. propane inventories posted a counter-seasonal draw during the week ended July 3, well below industry expectations. The decline was centered in PADD 3, where inventories recorded their largest same-week draw.
