Connecticut Residential Propane at $4.213/Gal, 15.5% Above Five-Year Median

Connecticut residential propane opened heating season at $4.213/gal per EIA's State Heating Oil and Propane Program, 15.5% above its five-year median. New Jersey came in at $3.946/gal, also 15.5% above its five-year median. The first readings from EIA's weekly price survey since March arrive with Mid-Atlantic wholesale prices running further above baseline: Maryland at $1.234/gal, 20.3% above its four-year median, and Virginia at $1.204/gal, 18.8% above its four-year median.

• US propane exports: 2.464 million b/d, up 47.6% week over week and 59.8% above the five-year median per EIA's Weekly Petroleum Status Report. EIA's Oct. 1 Today in Energy reported that US propane exports reached records in the first half of 2026, supported by record domestic production and a price advantage over Asian markets.
• PADD 3 (Gulf Coast) propane stocks: 68.7 million barrels, 18.2% above the five-year median per EIA's WPSR, down 2% on the week.
• PADD 1C (Lower Atlantic) propane stocks: 1.7 million barrels, 10.2% below the five-year median and the furthest below normal of any reported PADD, down 2% on the week.
• Mont Belvieu propane spot: $0.919/gal, up 3.1% on the week and 9.4% above the five-year median per EIA.

US primary propane stocks sit at 107.8 million barrels as of Oct. 2 per EIA's Weekly Petroleum Status Report, covering 118 days of supply at the trailing four-week product-supplied average of 0.915 million barrels per day. LP-gas-weighted HDD came in at 20 for the latest week per NOAA's Climate Prediction Center, running 20 HDD warmer than normal for the period. Season to date is 43% warmer than normal. EIA's Short-Term Energy Outlook expects US propane/propylene inventories to reach 98.7 million barrels by end of December 2026.