Propane inventories increased by another 2 million this week for a current total of 62 million, as reported by the Energy Information Administration as of 4/17/15. Inventory is 32.5 million above 2014’s inventory level at this time and 21.1 million above the 5-year average of 40.9 million.
Builds on All Regional Inventories: Midwest up 600,000 to 17.4 million; Gulf up 1.2 million to 40.1 million; East up 100,000 to 2.3 million; and West up 100,000 at 2.3 million.
Historical Averages: Midwest is 7.7 million above last year’s inventory level and is up 4 million from the 5-year average of 13.4 million. Gulf Coast inventory is 23.7 million above last year and 16.1 million above the 5-year average of 24 million. East Coast is up 100,000 from last year and is even with the 5-year average of 2.3 million.
Propane imports were down 22,000 bpd to 66,000 bpd. East Coast was down 9,000 to 27,000; Midwest was down 11,000 to 33,000; Gulf was flat at zero bpd and West was down 2,000 to 6,000. Propane exports were flat from the last 4 weeks at 477,000 bpd.
Other Inventory Numbers:
Crude Up: +5.3 mm to 1,180.0
Motor Gas Down: -2.1 mm to 225.7
Distillates Up: +0.4 mm to 129.3