Winter Propane Market Update - U.S. Energy Information ...

Final 2021/22 Winter Propane Market Update

March 30, 2022 | Washington, DC (Inventory data as of 03/25/22; residential heating fuel prices as of 03/28/22)

By U.S. Energy Information Administration

U.S. Energy Information Administration

Independent Statistics & Analysis

PADD 1A (New England) propane inventories above the 5-year average

54 2 3

1A 1B

1C

PADD REGIONS

data through March 25, 2022

U.S. Energy Information Administration

*includes propylene stocks at refineries

2

PADD 1B (Mid-Atlantic) propane inventories above 5-year average

54 2 3

1A 1B

1C

PADD REGIONS

data through March 25, 2022

U.S. Energy Information Administration

*includes propylene stocks at refineries

3

PADD 2 (Midwest) propane inventories below the 5-year range

data through March 25, 2022

U.S. Energy Information Administration

*includes propylene stocks at refineries

4

Selected state propane* inventories

Note: data through March 25, 2022

U.S. Energy Information Administration

*includes propylene stocks at refineries 5

PADD 3 (Gulf Coast) propane inventories below the 5-year range

data through March 25, 2022

U.S. Energy Information Administration

*includes propylene stocks at refineries

6

Conway, KS propane spot price is at a ~1 cent per gallon discount to the Mt. Belvieu, TX hub

Propane spot prices (Conway, KS and Mont Belvieu, TX) dollars per gallon ($/gal)

$1.80

$1.60

$1.40

$1.20

$1.00 This Winter (2021-22)

$0.80

$0.60

Mont Belvieu (non-LST) (2021-22)

Conway (2021-22)

Mont Belvieu (non-LST) (2020-21)

Conway (2020-21)

$0.40 Last Winter $0.20 (2020-21)

$0.00

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

Source: Graph created by the U.S. Energy Information Administration, based on data from Bloomberg, data through March 29, 2022

U.S. Energy Information Administration

7

NOAA's projected temperatures: April 4 ? Apr. 8, 2022, and April 6 ? Apr. 12, 2022

A = temperatures above normal N = equal chance that temperatures are above normal, normal, or below normal B = temperatures below normal

Source: NOAA, Mar. 30, 2022

Petroleum Administration for Defense Districts (PADDs)

54

2

1

3

? Through the end of the winter heating season, NOAA forecasts above-normal temperatures along the southern Pacific Coast, the Rockies, the Southwest, and the Eastern Seaboard, with relatively normal temperatures in the remaining regions. There is a low probability of below-normal temperatures in Alaska and the Pacific Northwest. Later in the forecast, there is a chance of below normal temperatures in the South.

? Propane heating demand will likely be below average for the remainder of the winter heating season.

U.S. Energy Information Administration

8

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download