Propane inventories gained 1.4 million in the week of 9/12, increasing to 77.4 million, as reported by the Energy Information Administration. Current inventory is 13 million above 2013’s inventory level at this time and 10.4 million above the 5-year average of 67 million.
Regional Inventories: Midwest saw the biggest gains, increasing 1.1 million to 27.3 million; Gulf was up 300,000 to 41.3 million; East was down 100,000 to 5.6 million; and West was up 100,000 to 3.2 million.
Historical Averages: Mid-Con is up 4.6 million from last year and is up 1.1 million from the 5-year average of 26.2 million. Gulf Coast inventory is 5.6 million above last year and 8.2 million above the 5-year average of 33.1 million. East Coast is up 2.2 million from last year, and is 600,000 above the 5-year average of 5 million.
Propane imports were down 56,000 bpd to 58,000 bpd. East Coast was up 2,000 to 19,000; Midwest was down 63,000 to 28,000; Gulf remains flat at zero and West was up 5,000 to 11,000. Propane exports were flat from the last 3 weeks at 375,000 bpd.
Other Inventory Numbers:
Crude Up: +3.7 mm
Motor Gas Down: -1.6 mm
Distillates Up: +0.3 mm