Although most of the propane produced in the United States is still shipped by pipeline, an analysis of new U.S. Energy Information Administration (EIA) data shows just how reliant the industry has become on rail to move product.
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Hydrocarbon gas liquids are becoming a significant factor in expected year-over-year changes in global liquid fuels balances, according to the EIA.
Read More 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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Propane prices have been on a strong uptrend over the past year as fundamental conditions improve.
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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.
Read More Here’s what the propane industry can take away from 2016.
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A look at U.S. propane supplies from natural gas processing plants shows that output is higher than last year.
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The U.S. Energy Information Administration (EIA) predicts this heating season might be even smoother than last year’s for the propane industry.
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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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