Propane Inventories Fall to Lowest Seasonal Level in 14 Years
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Supplies of propane and propylene in the U.S. fell to the lowest level for mid-November since 1999 as domestic demand grows with exports at record levels.
Inventories dropped 2.44 million barrels to 58.4 million in the week ended Nov. 15, according to Energy Information Administration data. Exports have averaged 258,000 barrels a day this year, up from 171,000 in 2012. Propane can be used to dry crops during fall harvest and heat homes in the winter.