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.
A sizable U.S. propane build lifted total stocks to nearly 100 MMbbl and pushed PADD 3 inventories to a record high.
U.S. propane production has trended lower since early May, while the margin above the previous five-year maximum for inventories has continued to narrow despite another inventory build.
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.
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U.S. propane inventories posted a smaller-than-expected build, but stocks remain well above seasonal levels. Production also remains elevated, although it has eased from earlier June highs—a trend worth watching as the summer inventory build continues.
U.S. propane inventories continued their seasonal climb last week, reaching 90 MMbbl—24% above year-ago levels and 13% above the previous 5-year maximum. Meanwhile, U.S. propane exports remained elevated at 2.03 MMb/d, above both recent averages and 2025 levels.
The NGL business is one of the most logistically complex segments of the energy industry. To really make sense of it you need to step back and look at the big picture. That’s exactly what our new U.S. NGL Infrastructure Map provides — a comprehensive view of the entire NGL value chain.
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.
The NGL business is one of the most logistically complex segments of the energy industry. To really make sense of it you need to step back and look at the big picture. That’s exactly what our new U.S. NGL Infrastructure Map provides — a comprehensive view of the entire NGL value chain.
