Weekly brief
Issue archive
Every The Fill Line brief: what moved in US propane, week by week.
Connecticut Residential Propane at $4.213/Gal, 15.5% Above Five-Year Median
EIA's first heating-season price survey puts Connecticut residential propane at $4.213/gal and New Jersey at $3.946/gal, both 15.5% above their five-year medians. Mid-Atlantic wholesale prices opened even further above baseline.
109.6 Million Barrels Mark the End of US Propane Build Season
US propane primary stocks stood at 109.6 million barrels as of September 25, with demand up 42% on the week. Exports fell 32% week over week. Build season ends with Mont Belvieu at $0.894/gal, 29% above the five-year median.
Propane Exports Hit 2.469 Million b/d, 101% Above Five-Year Median
Propane exports hit 2.469 million b/d for the week ended Sept. 18, 101% above the five-year median and up 12% on the week. Primary stocks held at 107.9 million barrels. Mont Belvieu spot: $0.864/gal.
Mont Belvieu Propane Climbs to $0.855/Gal, 11% Above Five-Year Median
Mont Belvieu propane settled at $0.855/gal this week, up 5.7% on the week and 11% above the five-year median. US exports ran at 2.213 million barrels per day, 33% above the five-year median, with primary stocks at 109.1 million barrels.
No New EIA Readings, US Propane Stocks Last at 107.4 Million Barrels
EIA has not published new propane data since the Aug. 28 WPSR. US primary stocks last stood at 107.4 million barrels, covering 135 days of supply at the trailing four-week product-supplied average of 0.797 million b/d.
US Propane Demand Up 78% on the Week, 59% Above the Five-Year Median
US propane demand hit 1.125 million b/d for the week ended Aug. 28, up 78.3% on the week and 59.3% above the five-year median. Exports reached 2.153 million b/d and Mont Belvieu rose to $0.736/gal.
PADD 3 Stocks Reach 69.6 Million Barrels, 29% Above Five-Year Median
PADD 3 propane inventories reached 69.6 million barrels for the week ending Aug 21, 29% above the five-year median. Demand ran at 0.631 million b/d, 35% below the five-year median. Belvieu fell to $0.685/gal.
Belvieu Propane Rebounds to $0.723/Gal, Up 7.4% on the Week
Mont Belvieu propane spot bounced 7.4% on the week to $0.723/gal but remains 4% below the 5-year median. US exports ran at 2.041 million b/d, 46% above the 5-year median.
US Propane Exports at 1.921 Million b/d, 30% Above the 5-Year Median
Exports run 30% above the 5-yr median at 1.921 million b/d, Belvieu eases to $0.655/gal and product supplied rebounds 89.4% on the week as US primary stocks reach 103.1 million barrels.
Mont Belvieu Propane Falls 6.6% on the Week to $0.678/Gal
Mont Belvieu spot down 6.6% to $0.678/gal, 12.9% below the 5-yr median. US primary propane stocks at 102.3 million barrels cover 195 days at the trailing four-week demand rate of 524 kb/d. PADD 1C is tightest, 13.5% below the 5-yr median.
US Propane Stocks at 99.8 Million Barrels, 159 Days of Supply
US propane primary stocks reached 99.8 million barrels as of July 17, PADD 3 up 10% on the week to 64.7 million barrels, demand running 44% below the 5-yr median, Belvieu at $0.726/gal.
59.0 Million Barrels in PADD 3, 25% Above the 5-Year Median
Gulf Coast propane stocks running 25% above the 5-yr median; US total at 93.5 million barrels with 146 days of supply; Mont Belvieu spot up 4.5 cents to $0.721/gal, trimming its discount to 11% below the 5-yr median.
Mont Belvieu Propane at $0.676/Gal, 19% Below the 5-Year Median
The Mont Belvieu propane spot fell 3.8% on the week to $0.676/gal, 19% below the 5-year median, as US propane stocks hold at 90.5 million barrels and 141 days of supply heading into mid-build season.
PADD 3 Propane Stocks 33% Above the 5-Year Median
Gulf Coast propane stocks held at 58.8 million barrels for the week ending June 26, 33% above the 5-year median. US supply stands at 125 days. Mont Belvieu spot: $0.685/gal, 19% below the 5-year median.
PADD 3 Propane Stocks Hit 58.7 Million Barrels, 35% Above Normal
Gulf Coast propane stocks at 58.7 million barrels are 35% above the 5-yr median, Belvieu fell to $0.681/gal down 5.2% on the week, and the US sits at 114 days of supply as of June 19.
Propane Stocks Hit 87.4 Million Barrels, 26% Above Normal
US propane stocks reach 87.4 million barrels for the week ending June 12, 26% above the 5-year median. PADD 3 carries a 38% surplus. Mont Belvieu fell 8.5% on the week to $0.718/gal.
US Propane Stocks 24% Above Normal; Belvieu Falls to $0.785
US propane stocks hit 84.5 million barrels for the week ending June 5, 24% above the 5-year median, as Mont Belvieu fell 9.8% on the week to $0.785/gal. PADD 3 holds 56.4 million barrels at 36% above normal; days of supply at 96.
Mont Belvieu Spot Propane: $0.870/gal, Up 10.7% on the Week
Mont Belvieu spot propane hit $0.870/gal for the week, up 10.7% on the week and 24% above the 5-year median. US propane stocks: 83.3 million barrels as of May 29, 27% above the 5-year median. PADD 3 at 40% above. Days of supply: 109.
US Propane Stocks 34% Above Normal at 81.2 Million Barrels
US propane stocks held 81.2 million barrels in the week ended May 22, 34% above the 5-yr median, with PADD 3 at 48% above normal and PADD 1C the lone region below the median at 11% under.
US Propane Stocks 40% Above Normal at 81.6 Million Barrels
US propane stocks: 81.6 million barrels on May 15, 40% above the 5-yr median. PADD 3 at 55% above normal. Mont Belvieu fell 6.8% on the week to $0.779/gal. Days of supply: 91.