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Posted October 21, 2020 Today in Energy

EIA forecasts slightly higher U.S. propane consumption this winter season ›

The U.S. propane market is highly seasonal: about two-thirds of the propane consumed last year was consumed in the winter months (October through March). In the United States, most propane is consumed in homes during the winter; about 5% of U.S. homes use propane as their main heating fuel. In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects 5% more U.S. propane consumption this winter compared with last winter, largely because a cooler winter forecast means more demand for residential space heating. More

U.S. monthly propane consumption by sector

Source: EIA, Monthly Energy Review and Short-Term Energy Outlook (STEO), October 2020

Data Highlights

WTI crude oil futures price

10/20/2020: $41.46/barrels

up$1.26 from week earlier
down$11.85 from year earlier

Natural gas futures price

10/20/2020: $2.913/MMBtu

up$0.058 from week earlier
up$0.675 from year earlier

Retail heating oil price

10/19/2020: $2.15 /gal

up$0.014 from week earlier
down$0.816 from year earlier

Crude oil inventories

10/16/2020: 488.1 million barrels

down1.0 million barrels from week earlier
up55.0 million barrels from year earlier

Weekly coal production

10/10/2020: 11.000 million tons

up0.656 million tons from week earlier
down1.890 million tons from year earlier