Inventories
of propane and propylene have reached a 22 year high in the US.
As of September 11, 97.7 million barrels of propane and propylene were
recorded by the EIA.
In the first six months of 2015, US propane and
propylene inventories were 24.3 million barrels higher on average
compared to the same period in 2014.
In the past year, nearly all of the
increase in inventories occurred in the Gulf Coast region.
Production of propane and other hydrocarbon gas liquids has grown and
with it the ability to transport, store and export these commodities has
also expanded.
Propane is mainly used for space heating and as a feedstock for
petrochemical plants.
It is this use that makes propane consumption
highly seasonal and weather dependent.
The EIA expects propane and propylene inventories to begin the October
heating season at record levels, reaching a high of 99.1 million barrels
at the end of September.
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