Propane inventories continue to build, increasing by 2 million for a current total of 60 million, as reported by the Energy Information Administration for the week of 4/10/15. Inventory is 31.6 million above 2014’s inventory level at this time and 20 million above the 5-year average of 40 million.
Builds on All Regional Inventories: Midwest up 900,000 to 16.8 million; Gulf up 700,000 to 38.9 million; East up 500,000 to 2.2 million; and West up 100,000 at 2.2 million.
Historical Averages: Midwest is 7.9 million above last year’s inventory level and is up 3.8 million from the 5-year average of 13 million. Gulf Coast inventory is 22.6 million above last year and 15.1 million above the 5-year average of 23.8 million. East Coast is up 100,000 from last year and is even with the 5-year average of 2.0 million.
Propane imports were down 28,000 bpd to 88,000 bpd. East Coast was down 10,000 to 36,000; Midwest was down 10,000 to 44,000; Gulf was flat at zero bpd and West was down 8,000 to 8,000. Propane exports were flat from the last 3 weeks at 477,000 bpd.
Other Inventory Numbers:
Crude Up: +1.3 mm to 1,174.6
Motor Gas Down: -2.1 mm to 227.9
Distillates Up: +2.0 mm to 128.9