Propane inventories dropped by 100,000 in the week of 9/5, decreasing to 76 million, as reported by the Energy Information Administration. Current inventory is 11.5 million above 2013’s inventory level at this time and 9.7 million above the 5-year average of 66.3 million.
Regional Inventories: Midwest was up 600,000 to 26.2 million; Gulf decreased 600,000 to 41 million; East was down 200,000 to 5.7 million; and West was flat at 3.1 million.
Historical Averages: Mid-Con is up 4 million from last year and is up 100,000 from the 5-year average of 26.3 million. Gulf Coast inventory is 4.8 million above last year and 9.2 million above the 5-year average of 31.8 million. East Coast is up 2.4 million from last year, and is 700,000 above the 5-year average of 5 million.
Propane imports were up 60,000 bpd to 114,000 bpd. East Coast was up 1,000 to 17,000; Midwest was up 67,000 to 91,000; Gulf remains flat at zero and West was down 7,000 to 6,000. Propane exports were flat from the last 2 weeks at 375,000 bpd.
Other Inventory Numbers:
Crude Down: -1.0 mm
Motor Gas Up: +2.4 mm
Distillates Up: +4.1 mm