Domestic propane demand is recovering
August 7, 2023 By Mark Rachal
This week, Cost Management Solutions’ Mark Rachal examines the changes in domestic propane demand and what that might mean for the upcoming winter.
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This week, Cost Management Solutions’ Mark Rachal examines the changes in domestic propane demand and what that might mean for the upcoming winter.
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In this issue of Trader’s Corner, Cost Management Solutions takes a look at how and why propane prices rebounded from January 2016 through October 2018.
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For the week ending Sept. 20, the U.S. Energy Information Administration reported a major jump in U.S. propane demand of 743,000 barrels per day.
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Propane supply was outpacing propane export and domestic demand this spring, which caused inventory to rise, putting downward pressure on prices.
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In 2018, ICF expects the retail propane industry to be characterized by transformation and change.
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For the week ending Dec. 9, the U.S. Energy Information Administration reported a 3.629-million-barrel draw in U.S. propane inventory.
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