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The Latest in the Propane Market

Global Gas delivers the latest propane news to keep you updated so your business can thrive. Here, you’ll learn the ins and outs of the propane market. The topics range from propane advocacy, inventories, production, exports and so much more. If you want to broaden your knowledge, make sure to visit our website often to keep yourself updated on the most recent propane news.

Inventory 12/28/23

U.S. propane and propylene inventory fell by 9 million bbl to
84.7 million bbl in the week ending Friday, according to the
Energy Information Administration petroleum inventory report
released Thursday. Year to year, stocks are down 0.35%.
The decline was greater than the average 1.88 million bbl
drawdown estimated in an OPIS poll Wednesday as well as
outside of the range of expectations of withdrawals of 1.5
million bbl to 2.1 million bbl.
The EIA stated last week that they will be making some
revisions to recently overstated Midwest (PADD 2) propane
storage data, which may have contributed to the larger propane
storage draw.
According to the EIA report, exports grew by 70,000 b/d to
1.882 million b/d last week. The four-week average stands at
1.853 million b/d. Year to year, exports are up 33.3%.
Propane and propylene product supplied, an indicator of
implied demand, grew 166,000 b/d to 1.397 million b/d last
week. Year to year, it is down 17.4%.
Refiner and blender net production increased by 30,000 b/d
to 2.638 million b/d last week. The four-week average stands at
2.628 million b/d. Year to year, production is down 8.9%.
Imports fell by 8,000 b/d to 113,000 b/d. Year to year, they
are down 3.4%.
Combined propane and propylene stocks in the Gulf Coast
region (PADD 3) fell by 1.2 million bbl to 48.9 million bbl. Year
to year, they are up 2%.
Midwest (PADD 2) stocks declined 6.4 million bbl to 22.1
million bbl. Year to year, they are down 7.43%.
East Coast (PADD 1) stocks decreased 700,000 bbl to 8.2
million bbl. Year to year, they are up 3.65%.
PADDs 4 and 5 inventories declined 700,000 bbl to 5.5
million bbl. Year to year, they are up 30.95%.

Inventory 12/20/23

U.S. propane and propylene inventory fell by 2.2 million bbl to 93.7 million bbl in the week ending Friday, according to the Energy Information Administration petroleum inventory report released Wednesday. Year to year, stocks are down 2.3%. The decline was greater than the average 1.5 million bbl drawdown estimated in an OPIS poll Tuesday, but within the range of expectations of withdrawals of 1 million bbl to 2.3 million bbl. According to the EIA report, exports grew by 101,000 b/d to 1.812 million b/d last week. The four-week average stands at 1.781 million b/d. Year to year, exports are up 21.6%. Propane and propylene product supplied, an indicator of implied demand, grew 31,000 b/d to 1.231 million b/d last week. Year to year, it is down 28.7%. Refiner and blender net production decreased by 24,000 b/d to 2.608 million b/d last week. The four-week average stands at 2.63 million b/d. Year to year, production is down 0.68%. Imports fell by 9,000 b/d to 121,000 b/d. Year to year, they are down 30.5%. Combined propane and propylene stocks in the Gulf Coast region (PADD 3) slipped by 1,800 bbl to 50.1 million bbl. Year to year, they are up 0.4%.

Midwest (PADD 2) stocks declined 200,000 bbl to 28.5 million bbl. Year to year, they are up 10.5%.
East Coast (PADD 1) stocks increased 200,000 bbl to 8.9 million bbl. Year to year, they are up 21.9%.
PADDs 4 and 5 inventories dipped 400,000 bbl to 6.2 million bbl. Year to year, they are up 40.9%.

Gas Stove Update: Steve Kaminski

Kitchen gas cooker with burning fire propane gas.

PERC has developed talking points should CSRs or others need readily available information on gas stoves.

Steve Kaminski, NPGA President and CEO

have been thrilled with the outpouring of support for energy choice as it pertains to gas stoves—from the halls of Congress to the grassroots dividends we have seen on social media.  As a follow up to my message last week on NPGA action related to gas stoves, I wanted to share additional information.

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NPGA has been working with numerous members on Capitol Hill, including Representative Issa (R-CA).  Rep. Issa has introduced the Gas Act, which would prevent the Administration from banning gas stoves.  While this bill is a long shot to become law, it sends a strong message that Americans will not stand for agency overreach of this nature.  In addition, legislation has been introduced in Mississippi and Texas to protect gas stoves from Uncle Sam.  We anticipate continued activity across federal, state, and municipal governments in the coming weeks and months.

In addition to the data we have on stove emissions and ventilation, NPGA is gathering even more information to ensure that all policymakers understand the real data.  For example, NPGA has compiled state-by-state data of electric/gas stove usage and asthma rates, which not only fails to demonstrate any correlation between higher gas stove usage and higher asthma rates, but in fact, it suggests the opposite—states where gas stoves are used more than average tend to have lower than average rates of asthma.

NPGA has also cemented its strategy with its cross-industry coalition partners—should CPSC release a request for information, we are ready.  Finally, we are collaborating with PERC on consumer education around gas stoves.  PERC has developed talking points should CSRs or others need readily available information on gas stoves.  Steve Kaminski, NPGA President and CEO.

Latest posts

Inventory 12/28/23

U.S. propane and propylene inventory fell by 9 million bbl to84.7 million bbl in the week ending Friday, according to theEnergy Information Administration petroleum inventory

Read More »

Inventory 12/20/23

U.S. propane and propylene inventory fell by 2.2 million bbl to 93.7 million bbl in the week ending Friday, according to the Energy Information Administration

Read More »

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