EIA: Propane/Propylene Stocks Up on Wk, Increase 18% on Yr

DAVENPORT, FL (DTN) — The Energy Information Administration reported on Wednesday total domestic propane/propylene stocks of 100.324 million bbl in the week ending December 26, up 785,000 bbl week-on-week and 15.281 million bbl, or 18% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.692 million bpd, down 418,000 bpd week-on-week and 19,000 bpd, or 1.1%, lower than in the same week last year.
Implied demand for propane/propylene in the United States averaged 1.224 million bpd, up 314,000 bpd week-on-week and 510,000 bpd, or 29.4% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.853 million bpd, up 65,000 bpd week-on-week and 176,000 bpd, or 6.6% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 7.733 million bbl, down 277,000 bbl week-on-week and 237,000 bbl, or 3.2% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 23.639 million bbl, down 855,000 bbl week-on-week and 1.506 million bbl, or 6.8% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 63.975 million bbl, up 2.012 million bbl week-on-week and 13.293 million bbl, or 26.2% higher than in the same week last year.
Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the week at 4.976 million bbl, down 94,000 bbl week-on-week and 245,000 bbl, or 5.2% higher than in the same week last year.