Domestic propane inventories added 9.7 million barrels during the month of May, surpassing the 5-year average build rate for the month of 9.3 million barrels, reported the Energy Information Administration. For the week ending May 30, total U.S. propane stockpiles gained nearly 2.9 million barrels, and stood at an estimated 33.2 million barrels.
A steady flow of imports accounted for nearly 4.5 million barrels of the 9.7 million-barrel monthly build, said EIA. The agency noted, however, the strong May stockbuild was not enough to lift inventories to within the average range last month and continues to show inventories at their lowest May level since 1996.
Regional gains were strong with East Coast inventories up nearly 0.5 million barrels, while Midwest and Gulf Coast inventories posted gains totaling 0.6 million barrels and 1.7 million barrels, respectively. Regional inventories continued below their respective ranges last week in the Midwest and Gulf Coast regions, while East Coast inventories edged moderately above the average range during this same period.
Propane Stocks (Million Barrels)
|
Propane Stocks |
|
|
Most Recent |
Year Ago |
|
|
04/18/03 |
04/25/03 |
05/02/03 |
05/09/03 |
05/16/03 |
05/23/03 |
05/30/03 |
05/31/02 |
|
U.S. |
22.278 |
21.877 |
23.518 |
26.753 |
28.879 |
30.362 |
33.220 |
NA |
|
East Coast (PADD I) |
2.787 |
2.858 |
2.976 |
3.868 |
3.881 |
3.877 |
4.368 |
NA |
|
New England (PADD IX) |
0.517 |
0.463 |
0.416 |
0.721 |
0.676 |
0.606 |
0.968 |
NA |
|
Central Atlantic (PADD IY) |
0.921 |
1.042 |
1.176 |
1.211 |
1.205 |
1.226 |
1.323 |
NA |
|
Lower Atlantic (PADD IZ) |
1.349 |
1.353 |
1.384 |
1.936 |
2.000 |
2.046 |
2.076 |
NA |
|
Midwest (PADD II) |
6.804 |
6.438 |
7.352 |
8.241 |
8.734 |
8.953 |
9.529 |
NA |
|
Gulf Coast (PADD III) |
11.626 |
11.539 |
12.071 |
13.371 |
14.888 |
16.086 |
17.741 |
NA |
|
Nonfuel Use (PADD I - III) |
1.598 |
1.585 |
1.376 |
1.459 |
1.722 |
1.913 |
1.980 |
NA |
