LATEST POSTS

Crude, Propane Values Keep Rising

Spot propane prices are three to four cents stronger this morning than where they ended last week. Crude oil values closed at $66.32 last week and are trading near $69/bbl in early morning action today and propane is following.

Line 5 Deadline Looms, Industry Should take Note

Not a great deal of new in the headlines this morning, but there is a looming date that propane people should be aware of and monitor. That date is May 12th, the date that Michigan’s governor has given (demanded?) Enbridge …

NEW Propane Buzzcast: Talking Price Projections & More

It’s been an interesting month of April already on the propane price front. We’ve seen a twenty cent drop only to see prices claw back. We have been telling you for months that volatility is the new norm, and this …

EIA: Small Build, Do Numbers Tell Us Something?

Propane inventories saw a 500,000/bbl build this week, compared to a 600,000/bbl draw one year ago this week. Inventory levels remain in the lower portion of the seven year historical range, as seen in the graph below. Here is the …

Propane Buzz for April 26th, 2021

n his weekly look at petroleum related activity in the hedge fund space, John Kemp writes that fund positions remained rangebound. From the linked item: “Cautious production increases by OPEC+ and a strong business cycle upturn have encouraged bullish sentiment about downward …

Looking Back to Help Us See Forward

Yesterday’s EIA report showed propane inventories to be at 40.5M/bbls nationally. Here is where we were for the same reporting week in each of the past seven years: 2021: 40.5 2020: 57.4 2019: 57.8 2018: 35.7 2017: 39.6 2016: 71.2 …