EIA: Midwest propane inventories enter winter higher than previous five-year average
According to the US Energy Information Administration (EIA), propane inventories (including propylene produced at refineries) in the Midwest United States had been lower than the previous five-year average for much of 2018, but in recent weeks, net additions to inventories increased Midwest propane to levels higher than the previous five-year average.
For the week ending October 19, propane inventories in the Midwest, or Petroleum Administration for Defense District (PADD) 2, were 27.8 million barrels, or 792,000 barrels higher than the previous five-year average.
Propane inventories (including propylene produced at refineries) in the Midwest United States had been lower than the previous five-year average for much of 2018, but in recent weeks, net additions to inventories increased Midwest propane to levels higher than the previous five-year average. For the week ending October 19, propane inventories in the Midwest, or Petroleum Administration for Defense District (PADD) 2, were 27.8 million barrels, or 792,000 barrels higher than the previous five-year average.
The Midwest accounts for about 21% of propane consumption in the United States and typically holds about 30% of U.S. propane inventories. The Midwest has the highest percentage of homes heated by propane in the United States. In addition to being used for space heating, propane is used as a feedstock for petrochemical plants and for drying agricultural crops before storage.
For the full EIA report, visit https://www.eia.gov/todayinenergy/detail.php?id=37413&src=email
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