Propane Exports Hit 2.469 Million b/d, 101% Above Five-Year Median

US propane exports hit 2.469 million b/d for the week ended September 18, 101% above the five-year median and up 12% week over week, per EIA's Weekly Petroleum Status Report. Primary stocks sat at 107.9 million barrels, with PADD 3, the Gulf Coast, at 68.4 million barrels, 22% above the five-year median.

• US propane exports (EIA WPSR): 2.469 million b/d, up 12% week over week, 101% above the five-year median.
• Mont Belvieu propane spot (EIA): $0.864/gal, down 1.3% on the week, 23% above the five-year median.
• US propane demand (product supplied, EIA WPSR): 0.764 million b/d for the week, down 26% on the week and 39% below the five-year median.
• PADD 2, the Midwest, propane imports (EIA WPSR): 0.041 million b/d, up 37% on the week, 78% above the five-year median.
• PADD 1 propane imports (EIA WPSR): 0.010 million b/d, down 33% on the week, 47% below the five-year median.

Primary stocks covered 120 days of supply at the trailing four-week product-supplied average of 0.896 million b/d, per EIA's WPSR as of September 18. The softest regional position is PADD 1B, the Central Atlantic, at 5.2 million barrels, 6% below the five-year median. EIA's Short-Term Energy Outlook puts end-of-December US propane/propylene inventories at 100.4 million barrels.