Propane Spot Prices Dip on Comfortable Storage and Mild Weather

Record High Inventories

Propane stocks have entered the year well above the five-year average. With processing in the Permian Basin remaining robust, the market is oversupplied, forcing spot prices to their lowest levels in months despite residential heating demand.

Export Competition

US propane continues to be the primary feedstock for global petrochemical crackers. While exports remain at record volumes, the sheer volume of domestic production is keeping local prices depressed relative to global benchmarks.