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Propane exports on the rise

August 30, 2018 By    

In July, U.S. propane exports kicked into higher gear, Cost Management Solutions reports.

For the week ending July 27, the U.S. Energy Information Administration showed propane exports at 1.238 million barrels per day (bpd). This was up 143,000 bpd from the previous week. Exports for the same week last year were 827,000 bpd.

The increase in exports leaves less propane to fill domestic demand and build inventory. Supply available to the domestic propane market – which essentially is retailers and petrochemical companies – was down by 168,000 bpd to 814,000 bpd. During the same week last year, 1.143 million bpd was available to the domestic market.

*Featured image: iStock.com/Im Yeongsik

About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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