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This Week in Petroleum

Release Date: March 13, 2024 Next Release Date: March 20, 2024

Residential propane prices (dollars per gallon)

Residential propane prices (dollars per gallon) more price data ›
  Year ago Most recent
  03/13/23 03/11/24 03/04/24 02/26/24 02/19/24 02/12/24 02/05/24 01/29/24
Average 2.691 2.590 2.596 2.609 2.616 2.610 2.601 2.585
East Coast (PADD 1) 3.394 3.441 3.438 3.458 3.468 3.455 3.436 3.410
New England (PADD 1A) 3.587 3.583 3.592 3.607 3.613 3.595 3.579 3.534
Central Atlantic (PADD 1B) 3.267 3.319 3.303 3.312 3.322 3.310 3.291 3.260
Lower Atlantic (PADD 1C) 3.366 3.451 3.458 3.496 3.513 3.504 3.484 3.484
Midwest (PADD 2) 2.281 2.104 2.109 2.120 2.121 2.121 2.114 2.104
Gulf Coast (PADD 3) 2.938 2.861 2.871 2.899 2.906 2.899 2.897 2.885
Rocky Mountain (PADD 4) 2.536 2.361 2.364 2.378 2.381 2.385 2.380 2.356

Wholesale propane prices (dollars per gallon)

Wholesale propane prices (dollars per gallon) more price data ›
  Year ago Most recent
  03/13/23 03/11/24 03/04/24 02/26/24 02/19/24 02/12/24 02/05/24 01/29/24
Average 0.969 0.939 0.996 1.017 1.089 1.088 1.105 1.052
East Coast (PADD 1) 1.072 1.005 1.053 1.077 1.163 1.149 1.188 1.117
Central Atlantic (PADD 1B) 1.122 1.076 1.126 1.144 1.217 1.198 1.244 1.167
Lower Atlantic (PADD 1C) 0.997 0.899 0.946 0.977 1.084 1.076 1.105 1.043
Midwest (PADD 2) 0.923 0.914 0.975 0.990 1.055 1.060 1.067 1.022
Gulf Coast (PADD 3) 0.972 0.900 0.942 0.985 1.066 1.063 1.089 1.023
Rocky Mountain (PADD 4) 0.925 0.902 0.993 1.081 1.145 1.141 1.157 1.111

Propane/propylene stocks (million barrels) and days of supply

Propane/propylene stocks (million barrels) more stock data ›
  Year ago Most recent
  03/10/23 03/08/24 03/01/24 02/23/24 02/16/24 02/09/24 02/02/24 01/26/24
U.S. 60.970 51.855 51.177 51.181 54.613 56.900 60.577 62.595
East Coast (PADD 1) 6.503 4.179 4.572 4.326 4.950 4.889 6.531 6.689
New England (PADD 1A) 0.361 0.510 0.558 0.393 0.474 0.539 0.620 0.719
Central Atlantic (PADD 1B) 5.103 2.703 3.013 2.867 3.284 3.173 4.594 4.566
Lower Atlantic (PADD 1C) 1.039 0.967 1.001 1.066 1.192 1.177 1.317 1.404
Midwest (PADD 2) 13.509 12.722 12.227 12.469 13.475 14.314 14.991 16.260
Gulf Coast (PADD 3) 38.397 31.093 30.472 30.195 31.759 33.213 34.456 34.860
Rocky Mtn & West Coast (PADD 4 & 5) 2.561 3.861 3.907 4.190 4.429 4.484 4.599 4.787
Nonfuel Use NA NA NA NA NA NA NA NA
Days of supply (number of days) more supply data ›
  Year ago Most recent
  03/10/23 03/08/24 03/01/24 02/23/24 02/16/24 02/09/24 02/02/24 01/26/24
U.S. 52.9 45.7 44.1 40.6 39.5 37.7 39.8 38.8
Note: Days of Supply calculated as: U.S. propane/propylene stocks / Four-week average U.S. propane/propylene product supplied (implied demand)

Regional propane and/or propylene production, imports, U.S. exports (million barrels per day)

Regional propane/propylene production (million barrels per day)more production data ›
  Year ago Four-week averages Year ago Week ending
  03/10/23 03/08/24 03/01/24 02/23/24 03/10/23 03/08/24 03/01/24 02/23/24
U.S. 2.408 2.512 2.487 2.482 2.433 2.583 2.515 2.482
East Coast (PADD 1) 0.260 0.262 0.264 0.266 0.269 0.253 0.267 0.266
Midwest (PADD 2) 0.474 0.501 0.499 0.498 0.489 0.512 0.514 0.495
Gulf Coast (PADD 3) 1.457 1.513 1.491 1.484 1.474 1.570 1.504 1.487
Propane imports (million barrels per day) more import data ›
  Year ago Four-week averages Year ago Week ending
  03/10/23 03/08/24 03/01/24 02/23/24 03/10/23 03/08/24 03/01/24 02/23/24
U.S. 0.148 0.142 0.144 0.135 0.167 0.114 0.181 0.125
East Coast (PADD 1) 0.056 0.057 0.060 0.049 0.080 0.038 0.089 0.046
Midwest (PADD 2) 0.037 0.040 0.038 0.040 0.032 0.040 0.031 0.032
Gulf Coast (PADD 3) 0.000 0.000 0.000 0.001 0.000 0.001 0.000 0.001
Propane exports (million barrels per day) more export data ›
  Year ago Four-week averages Year ago Week ending
  03/10/23 03/08/24 03/01/24 02/23/24 03/10/23 03/08/24 03/01/24 02/23/24
U.S. exports 1.595 1.699 1.807 1.765 1.756 1.364 1.858 1.661

Propane/propylene demand (million barrels per day)

Propane/propylene demand (million barrels per day) more production data ›
  Year ago Four-week averages Year ago Week ending
  03/10/23 03/08/24 03/01/24 02/23/24 03/10/23 03/08/24 03/01/24 02/23/24
Propane/Propylene 1.152 1.135 1.160 1.260 0.713 1.236 0.839 1.436

Abbreviations: NA = Not Available  |  W = Data Withheld