Despite most of the country experiencing, on average, a relatively warm winter so far, certain non-weather-related factors are contributing to higher prices for propane and heating oil when compared to the same time last year, the U.S. Energy Information Administration (EIA) reports.
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The inventory draws in January and for the week ending Jan. 13 make it almost a certainty inventory will end this winter at its lowest point in three years.
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U.S. propane inventory ended 2016 at 84.123 million barrels after dropping 2.746 million barrels in the final week of the year.
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The U.S. domestic propane market continues to change. That’s the message from ICF International in a guest column written for LP Gas magazine.
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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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The 2013-14 winter has forced the propane industry to take its preparedness level up a notch.
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LP Gas finds out what factors specific to the current heating season will impact total propane inventory through March 2017.
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Propane inventory fell three weeks in a row, but traders remain calm. Find out why.
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EIA changed its methodology for collecting data on exports, including propane, in an effort to try and make its weekly estimates more accurate.
Read More Higher projected U.S. household winter propane expenditures compared to last year and soaring U.S. propane inventory highlight the U.S. Energy Information Administration’s (EIA) annual Winter Fuels Outlook, released Thursday, Oct. 13.
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