Propane inventories are quickly building after falling to historic winter lows, with the weekly stockbuild rate in May on pace to match or even exceed the 5-year average of 9.3 million barrels. For the week-ending May 23, domestic reserves increased 1.5 million barrels to an estimated 30.4 million barrels reported the Energy Information Administration.
Regional inventories remained relatively flat in the East Coast last week, while the Midwest region posted a modest 200,000-barrel gain. The Gulf Coast continued its recent trend of providing the largest gain with a weekly stockbuild that measured nearly 1.2 million barrels.
East Coast inventories moved within the upper limit of the average range last week, while at the same time inventories in the Midwest and Gulf Coast regions remained below their respective average ranges.
Propane Stocks (Million Barrels)
|
Propane Stocks |
|
|
Most Recent |
Year Ago |
|
|
04/11/03 |
04/18/03 |
04/25/03 |
05/02/03 |
05/09/03 |
05/16/03 |
05/23/03 |
05/24/02 |
|
U.S. |
21.681 |
22.278 |
21.877 |
23.518 |
26.753 |
28.879 |
30.362 |
NA |
|
East Coast (PADD I) |
2.738 |
2.787 |
2.858 |
2.976 |
3.868 |
3.881 |
3.877 |
NA |
|
New England (PADD IX) |
0.578 |
0.517 |
0.463 |
0.416 |
0.721 |
0.676 |
0.606 |
NA |
|
Central Atlantic (PADD IY) |
0.851 |
0.921 |
1.042 |
1.176 |
1.211 |
1.205 |
1.226 |
NA |
|
Lower Atlantic (PADD IZ) |
1.308 |
1.349 |
1.353 |
1.384 |
1.936 |
2.000 |
2.046 |
NA |
|
Midwest (PADD II) |
6.563 |
6.804 |
6.438 |
7.352 |
8.241 |
8.734 |
8.953 |
NA |
|
Gulf Coast (PADD III) |
11.349 |
11.626 |
11.539 |
12.071 |
13.371 |
14.888 |
16.086 |
NA |
|
Nonfuel Use (PADD I - III) |
1.681 |
1.598 |
1.585 |
1.376 |
1.459 |
1.722 |
1.913 |
NA |
