Midwest Propane Stocks 7% Below the Five-Year Median

PADD 2, the Midwest, opens heating season with propane stocks at 25.2 million barrels, 7% below the five-year median and the shortest regional position in the country. NOAA's Climate Prediction Center put last week at 59 LP-gas-weighted heating degree days, 23 HDD warmer than normal, and the season stands 34% warmer than normal year-to-date. The warm start has slowed early draws, but the Midwest enters the season below the five-year median with crop-drying demand still active.

• Mont Belvieu propane spot rose to $1.203/gal, up 6.2% week over week and 61.5% above the five-year median (EIA).
• Missouri wholesale propane came in at $1.252/gal, up 3% on the week and 48.0% above the five-year median (EIA weekly price survey).
• New Jersey residential propane was $4.097/gal, up 1% on the week and 19.3% above the five-year median (EIA weekly price survey).
• US propane exports rose 10% on the week to 2.233 million barrels per day, 35.4% above the five-year median (EIA WPSR). EIA's October 1 Today in Energy reported that US propane exports set records in the first half of 2026, with production growth and rising demand from India and South Asia driving volumes well above the five-year average.
• PADD 1B propane stocks (Central Atlantic) rose 14.9% on the week to 6.5 million barrels, 11% above the five-year median (EIA WPSR).
• PADD 3 propane stocks (Gulf Coast) fell 1% on the week to 65.6 million barrels, 11.4% above the five-year median (EIA WPSR).

US primary propane stocks totaled 105.7 million barrels as of October 23, covering 112 days of supply at the trailing four-week average domestic product-supplied rate of 0.941 million barrels per day (EIA WPSR). EIA's Short-Term Energy Outlook expects US propane/propylene inventories of 98.7 million barrels at the end of December 2026.