Current Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (3/03/10 EIA update):
The average residential propane price fell 0.7 cent per gallon to reach 267.7 cents per gallon.
This was an increase of 40.3 cents per gallon compared to the same period last year. Wholesale
propane prices dropped 3.3 cents per gallon to reach 134.7 cents per gallon. This was an increase
of 58.9 cents per gallon when compared to the March 2, 2009 price of 75.8 cents per gallon.
Propane Inventory Decline Tapers Off (3/03/10 EIA update):
After reaching a peak of 73 million barrels in October, an 11-year high, propane stocks have
dropped precipitously through the winter heating season. The stock draw appears to have tapered
off last week as total U.S. inventories fell 0.5 million barrels to 26.8 million barrels. The Gulf
Coast region led the decline with a 1.7 million barrel draw. All other regions realized a gain
in propane inventories. East Coast stocks built by 1.0 million barrels, the Midwest region increased
by 0.2 million barrels, and the Rocky Mountain/West Coast region was slightly higher. Propylene
non-fuel use inventories decreased their share of total propane/propylene stocks from 10.0 percent
to 9.4 percent.
Late Feb 2010 Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (2/24/10 EIA update):
The average residential propane price fell 0.8 cent per gallon to reach 268.3 cents per
gallon. This was an increase of 39.1 cents per gallon compared to the same period last
year. Wholesale propane prices dropped 0.6 cent per gallon to reach 138.0 cents per
gallon. This was an increase of 60.9 cents per gallon when compared to the February 23,
2009 price of 77.1 cents per gallon.
Propane Inventories Continue to Decline (2/24/10 EIA update):
Winter weather continued to whittle away at U.S. inventories of propane with a stock
draw that measured almost 2.3 million barrels, leaving total stocks at 27.4 million
barrels and further below the lower limit of the average range. The largest decline
was in the Midwest region with a 1.6 million barrel draw. The East Coast regional
stocks fell by 1.0 million barrels, while the Rocky Mountain/West Coast region declined
by 0.3 million barrels. The Gulf Coast region added 0.6 million barrels of inventory.
Propylene non-fuel use inventories increased their share of total propane/propylene
stocks from 8.7 percent to 10.0 percent, a level last seen in March 2007.
Late Feb 2010 Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (2/18/10 EIA update):
The average residential propane price remained unchanged at 268.8 cents
per gallon. This was an increase of 37.8 cents per gallon compared to the
same period last year. Wholesale propane prices fell 14.1 cents per
gallon to reach 138.6 cents per gallon. This was an increase of 54.0 cents
per gallon when compared to the February 16, 2009 price of 84.6 cents per
gallon.
Stocks of Propane Continue Descent (2/18/10 EIA update):
Persistent cold weather last week continued to push the Nation's primary
supply of propane sharply lower with a weekly stock draw that measured
over 2.9 million barrels, leaving U.S. inventories of propane at an estimated
29.6 million barrels. The largest stock decline was in the Gulf Coast
region with a 1.8 million barrel draw. The Midwest regional stocks
fell 0.8 million, while the East Coast region fell by 0.4 million barrels. The
Rocky Mountain/West Coast region was down slightly. Propylene non-fuel use
inventories increased their share of total propane/propylene stocks from 8.5
percent to 8.7 percent.
Early Feb 2010 Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (2/12/10 EIA update):
The average residential propane price gained 0.5 cent per gallon to reach 268.8 cents per gallon.
This was an increase of 36.8 cents per gallon compared to the same period last year. Wholesale propane
prices rose 7.1 cents per gallon to reach 152.7 cents per gallon. This was an increase of 66.4 cents
per gallon when compared to the February 9, 2009 price of 86.3 cents per gallon.
Propane Inventories Decrease Again (2/12/10 EIA update):
The weekly draw on U.S. inventories of propane posted a 1.3-million-barrel decline last week, continuing
the slowdown from this season's peak 4.8-million-barrel draw on January 15. With last week's stock draw,
U.S. inventories of propane moved down to an estimated 32.6 million barrels as of February 5, 2010,
continuing on a path below the lower limit of the average range for this time of year. The Gulf Coast
region led the decline with a draw of nearly 1.0 million barrels. The Midwest region dropped by 0.4 million
barrels and the Rocky Mountain/ West Coast region fell slightly. East Coast regional stocks increased by
a slim margin. Propylene non-fuel use inventories decreased their share of total propane/propylene stocks
from 8.6 percent to 8.5 percent.
Early Feb 2010 Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (2/3/10 EIA update):
The average residential propane price rose 0.7 cent per gallon to reach 268.2 cents per gallon. This
was an increase of 35.8 cents per gallon compared to the same period last year. Wholesale propane
prices increased 2.3 cents per gallon to reach 145.6 cents per gallon. This was an increase of 49.2
cents per gallon when compared to the February 2, 2009 price of 96.4 cents per gallon.
Propane Stocks Experience Another Drop (2/3/10 EIA update):
The Nation's primary supply of propane was drawn down by about 15.6 million barrels during January,
a volume that was more than 31 percent above the most recent 5-year average of nearly 11.9 million
barrels. Inventories of propane fell again, by 3.0 million barrels, bringing the U.S. total to 33.9
million barrels as of January 29, 2010. The Midwest region led the way with the largest weekly
decline of 1.5 million barrels. The Gulf Coast regional stocks drew 0.8 million barrels, while the
East Coast and Rocky Mountain/West Coast regions declined 0.5 and 0.2 million barrels, respectively.
Propylene non-fuel use inventories increased their share of total propane/propylene stocks from 8.4
percent to 8.6 percent.
Late Jan 2010 Propane Prices Summary (Source: EIA)
Weekly Summary of Residential Propane Prices (1/27/10 EIA update):
The average residential propane price gained 0.5 cent per gallon to reach 267.6 cents per gallon. This was an increase of 35.2 cents per gallon compared to the same period last year. Wholesale propane prices rose 8.5 cents per gallon to reach 143.3 cents per gallon. This was an increase of 53.1 cents per gallon when compared to the January 26, 2009 price of 90.2 cents per gallon.
Propane Inventories Fall Again (1/27/10 EIA update):
After logging the largest two-week stock draw in nearly three years, inventories were pushed down to an estimated 36.8 million barrels, after losing 4.3 million barrels this past week. U.S. inventories of propane remained below the lower limit of the average range for this time of year. More than half of the weekly stock draw occurred in the Gulf Coast region, which drew 2.5 million barrels, while the Midwest region declined 1.6 million barrels. The Rocky Mountain/West Coast inventories fell 0.3 million barrels. East Coast regional stocks saw a slight build last week. Propylene non-fuel use inventories increased their share of total propane/propylene stocks from 8.3 percent to 8.4 percent.
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