In 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd).
Read More Since Feb. 23, West Texas Intermediate crude has been in a downward price trend.
Read More The growth in propane supply has been extraordinary, especially from 2012 to 2015. However, the growth in supply has slowed dramatically.
Read More Propane prices have been on a decline throughout most of February, and that decline has shown little sign of abating. Has the price correction gone too far?
Read More The U.S. Energy Information Administration showed a 9.527-million-barrel build in U.S. crude inventory for the week ending Feb. 10.
Read More It’s difficult to pinpoint the cause of the two-day runup in prices that eventually turned into a sharp sell-off. Cost Management Solutions examines the change.
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Propane prices have recently been on a surge. However, those increases in price have been contained to the front month.
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United States crude production increased 17,000 bpd last week. That put total U.S. production at 8.961 million bpd.
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The inventory draws in January and for the week ending Jan. 13 make it almost a certainty inventory will end this winter at its lowest point in three years.
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U.S. propane inventory ended 2016 at 84.123 million barrels after dropping 2.746 million barrels in the final week of the year.
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