Constantly evolving market requires retailers’ attention
April 25, 2017 By Brian Richesson
The way last winter ended helps to form the foundation for Mike Sloan’s propane market outlook, which he presented at the NPGA Propane Expo.
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The way last winter ended helps to form the foundation for Mike Sloan’s propane market outlook, which he presented at the NPGA Propane Expo.
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Nearly 80 percent of U.S. propane production came from natural gas processing last year. Natural gas production is the engine that drives natural gas supply.
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For the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
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Production of LP gas increased in all regions of the United States last year except on the West Coast, according to the U.S. Energy Information Administration (EIA).
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U.S. propane prices are hammered when propane inventory data doesn’t line up with industry expectations.
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Propane inventories declined from October 2016 through March 2017 due to propane exports, according to the U.S. Energy Information Administration (EIA).
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Since Feb. 23, West Texas Intermediate crude has been in a downward price trend.
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Propane prices have been on a decline throughout most of February, and that decline has shown little sign of abating. Has the price correction gone too far?
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The U.S. Energy Information Administration showed a 9.527-million-barrel build in U.S. crude inventory for the week ending Feb. 10.
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It’s difficult to pinpoint the cause of the two-day runup in prices that eventually turned into a sharp sell-off. Cost Management Solutions examines the change.
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