May 2022: US petroleum product exports and imports

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for May 2022 reviews U.S. petroleum product exports and imports from 2016 to 2021.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Source: U.S. Energy Information Administration, Petroleum Supply Monthly

Commentary: A greater volume of propane was exported from the U.S. in 2021 than any other petroleum product for a second consecutive year, according to the U.S. Energy Information Administration. Propane surpassed distillate fuel oil in 2020. More than 1 million barrels per day of propane was exported from the U.S. in 2021 for the third consecutive year. U.S. exports of propane have increased every year since 2007 because of increased domestic propane production, which was the result of increased upstream crude oil and natural gas production, and expanded export capacity along the U.S. Gulf Coast.

STOCK WATCH

Company	12-month chart (as of April ’22)	Price (4/18/22)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGPR		$15.00	N/A	10.53	25.34	2.1%
Suburban Propane – SPH		17.22	7.6%	13.83	17.39	17.5%

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

Featured photo: da-kuk/iStock / Getty Images Plus/Getty Images