The EIA reported that total U.S. propane/propylene inventories had a strong gain of 3.3 MMbbl for the week ended September 16, which was well above industry expectations of 2.1 MMbbl. The increase in stocks was about 2.8 MMbbl above the average build for the week and the highest for the week in the past 10 years. This represents the second week in a row that the stock build has been the highest in over 10 years. U.S. propane stocks are now at 81 MMbbl, which is 11 MMbbl above the same week in 2021 and the 5-year minimum.
Read more in RBN's Propane Billboard Report.