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This Week in Petroleum

Release Date: February 14, 2024 Next Release Date: February 22, 2024

Residential propane prices (dollars per gallon)

Residential propane prices (dollars per gallon) more price data ›
  Year ago Most recent
  02/13/23 02/12/24 02/05/24 01/29/24 01/22/24 01/15/24 01/08/24 01/01/24
Average 2.706 2.611 2.601 2.585 2.571 2.541 2.497 2.477
East Coast (PADD 1) 3.405 3.480 3.436 3.410 3.396 3.390 3.333 3.298
New England (PADD 1A) 3.590 3.599 3.579 3.534 3.507 3.456 3.429 3.403
Central Atlantic (PADD 1B) 3.284 3.364 3.291 3.260 3.253 3.301 3.205 3.166
Lower Atlantic (PADD 1C) 3.378 3.502 3.484 3.484 3.471 3.437 3.402 3.365
Midwest (PADD 2) 2.297 2.117 2.114 2.104 2.093 2.058 2.018 2.005
Gulf Coast (PADD 3) 2.962 2.903 2.897 2.885 2.875 2.825 2.774 2.748
Rocky Mountain (PADD 4) 2.553 2.385 2.380 2.356 2.329 2.306 2.251 2.245

Wholesale propane prices (dollars per gallon)

Wholesale propane prices (dollars per gallon) more price data ›
  Year ago Most recent
  02/13/23 02/12/24 02/05/24 01/29/24 01/22/24 01/15/24 01/08/24 01/01/24
Average 1.048 1.088 1.105 1.052 1.070 1.030 0.896 0.923
East Coast (PADD 1) 1.123 1.149 1.188 1.117 1.161 1.082 0.953 0.971
Central Atlantic (PADD 1B) 1.180 1.198 1.244 1.167 1.201 1.118 1.000 1.007
Lower Atlantic (PADD 1C) 1.039 1.076 1.105 1.043 1.101 1.029 0.882 0.918
Midwest (PADD 2) 1.009 1.060 1.067 1.022 1.026 1.010 0.874 0.902
Gulf Coast (PADD 3) 1.003 1.063 1.089 1.023 1.058 0.974 0.836 0.879
Rocky Mountain (PADD 4) 1.280 1.141 1.157 1.111 1.134 1.068 0.957 0.980

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

Propane/propylene stocks (million barrels) more stock data ›
  Year ago Most recent
  02/10/23 02/09/24 02/02/24 01/26/24 01/19/24 01/12/24 01/05/24 12/29/23
U.S. 66.297 56.900 60.577 62.595 67.912 76.311 79.063 82.647
East Coast (PADD 1) 5.475 4.889 6.531 6.689 7.497 8.235 7.568 8.070
New England (PADD 1A) 0.448 0.539 0.620 0.719 0.842 0.923 1.003 1.063
Central Atlantic (PADD 1B) 3.630 3.173 4.594 4.566 5.120 5.645 4.888 5.252
Lower Atlantic (PADD 1C) 1.397 1.177 1.317 1.404 1.535 1.667 1.676 1.755
Midwest (PADD 2) 17.868 14.314 14.991 16.260 18.145 20.315 21.094 21.843
Gulf Coast (PADD 3) 40.063 33.213 34.456 34.860 37.356 42.658 45.129 47.482
Rocky Mtn & West Coast (PADD 4 & 5) 2.891 4.484 4.599 4.787 4.915 5.102 5.272 5.252
Nonfuel Use NA NA NA NA NA NA NA NA
Days of supply (number of days) more supply data ›
  Year ago Most recent
  02/10/23 02/09/24 02/02/24 01/26/24 01/19/24 01/12/24 01/05/24 12/29/23
U.S. 48.9 37.7 39.8 38.8 46.3 53.2 49.9 55.6
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
  02/10/23 02/09/24 02/02/24 01/26/24 02/10/23 02/09/24 02/02/24 01/26/24
U.S. 2.369 2.412 2.442 2.478 2.356 2.483 2.495 2.428
East Coast (PADD 1) 0.251 0.267 0.272 0.268 0.253 0.260 0.274 0.269
Midwest (PADD 2) 0.489 0.468 0.470 0.476 0.476 0.506 0.510 0.456
Gulf Coast (PADD 3) 1.414 1.450 1.473 1.504 1.441 1.484 1.476 1.469
Propane imports (million barrels per day) more import data ›
  Year ago Four-week averages Year ago Week ending
  02/10/23 02/09/24 02/02/24 01/26/24 02/10/23 02/09/24 02/02/24 01/26/24
U.S. 0.166 0.129 0.135 0.126 0.153 0.122 0.147 0.141
East Coast (PADD 1) 0.045 0.047 0.047 0.046 0.047 0.049 0.045 0.046
Midwest (PADD 2) 0.049 0.035 0.035 0.033 0.045 0.033 0.040 0.042
Gulf Coast (PADD 3) 0.000 0.001 0.001 0.000 0.000 0.000 0.002 0.001
Propane exports (million barrels per day) more export data ›
  Year ago Four-week averages Year ago Week ending
  02/10/23 02/09/24 02/02/24 01/26/24 02/10/23 02/09/24 02/02/24 01/26/24
U.S. exports 1.549 1.726 1.713 1.708 1.845 1.797 1.690 1.398

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
  02/10/23 02/09/24 02/02/24 01/26/24 02/10/23 02/09/24 02/02/24 01/26/24
Propane/Propylene 1.355 1.508 1.524 1.611 1.032 1.333 1.240 1.931

Abbreviations: NA = Not Available  |  W = Data Withheld