Propane Inventory Falls
The Energy Information Administration reported a 6.2 million-barrel draw on U.S. propane inventory. That draw followed a 6.7 million-barrel draw the previous week, resulting in a nearly 13 million-barrel drop in inventory over the prior two weeks.
With the draw on inventory over the winter, propane inventory has gone from setting five-year highs to 20.8 million barrels below last year.
Now is an important time for propane marketers to have a solid supply plan, and to urge customers once again to make a plan to avoid the safety risks associated with running out of propane.