The OilSpot News from DTN Energy
Monday, May 5, 2003 VOLUME 1 ISSUE 42  


FRONT PAGE
Propane Stocks Dip 400,000 Barrels in April Report


Domestic reserves of propane fell by 400,000 barrels for the week ending April 25, cutting the total inventory to an estimated 21.9 million barrels.

 

“Restocking efforts by the nation’s primary stockholders took a turn for the worst last week after reporting a highly unseasonably 0.4 million barrel stockdraw,” said the Energy Information Administration when releasing the data.

 

With the decline, the gap between the current level of inventories and the lower limit of the average range of inventories for this time of year widened to an estimated 8 million barrels.

 

Regionally, most of the weekly decline occurred in the Midwest, which reported a slip of nearly 400,000 barrels. The Gulf Coast registered a dip of 100,000 barrels, while supplies in the East Coast increased a modest 100,000 barrels. Subsequently, the East Coast continued within the average range last week while at the same time Midwest and Gulf Coast inventories continued below their respective ranges.

 

Propane Stocks (Million Barrels)

Propane Stocks

 

Most Recent

Year Ago

 

03/14/03

03/21/03

03/28/03

04/04/03

04/11/03

04/18/03

04/25/03

04/26/02

U.S.

18.167

18.967

19.546

21.108

21.681

22.278

21.877

NA

East Coast (PADD I)

1.998

2.140

2.141

2.533

2.738

2.787

2.858

NA

   New England (PADD IX)

0.555

0.388

0.287

0.646

0.578

0.517

0.463

NA

   Central Atlantic (PADD IY)

0.641

0.615

0.737

0.791

0.851

0.921

1.042

NA

   Lower Atlantic (PADD IZ)

0.802

1.136

1.116

1.096

1.308

1.349

1.353

NA

Midwest (PADD II)

5.392

5.423

5.414

5.851

6.563

6.804

6.438

NA

Gulf Coast (PADD III)

9.912

10.502

11.061

11.719

11.349

11.626

11.539

NA

Nonfuel Use (PADD I - III)

1.766

1.731

1.646

1.959

1.681

1.598

1.585

NA


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