March 2022: Total US propane inventory

March 8, 2022 By    

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for March 2022 reviews the history and forecast for the total U.S. propane inventory.

Stock information for Ferrellgas and Suburban Propane is also provided.


Source: IHS Markit, reported at NPGA winter meetings, Jan. 31_ total U.S. propane inventory

Source: IHS Markit, reported at NPGA winter meetings, Jan. 31

IHS Markit’s inventory outlook came ahead of a blast of cold temperatures, dropping inventories and raising prices. Peak demand extended well into February. Though the U.S. propane inventory situation has improved, market tightness will remain this year and begin to improve in 2023, the firm says.


Company 12-month chart
(as of February ’22)
Price (2/25/22) Current Yield 52-Week Low 52-Week High YTD Price
Ferrellgas – FGPR Ferrellgas - FGPR $15.81 N/A 10.00 25.34 7.6%
Suburban Propane – SPH Suburban Propane – SPH 14.74 9.0% 13.83 16.39 0.6%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

Featured photo: monsitj/iStock / Getty Images Plus/Getty Images

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