The EIA reported a build of 6.3 MMbbl in total U.S. propane/propylene inventories for the week ended July 17, well above industry expectations for a build of 2.1 MMbbl and the average build of 1.6 MMbbl for the week. It was the largest build for the same reporting week since our recordkeeping began in 2011, lifting total stocks to 99.8 MMbbl (red line in the chart below). Inventories are now 17.4 MMbbl, or 21%, above the same week in 2025 (blue line), 14.1 MMbbl, or 16%, above the previous five-year maximum, and 24.4 MMbbl, or 32%, above the five-year average (green line).
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- Analyst Insight
Gulf Coast Build Lifts U.S. Propane Stocks to New Record
U.S. propane inventories climbed to a second consecutive record as Gulf Coast and Midwest stocks accounted for approximately 92% of the weekly build. If inventories continue building at a similar pace, total stocks could approach 119 MMbbl by early October.
- 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
Midwest Leads the Charge as U.S. Propane Stocks Reach Record High
U.S. propane inventories reached an all-time high as the Midwest led the weekly build and Gulf Coast stocks set a regional record.