Slide 6 of 15
Notes:
So where do we get our supplies of propane? Well, propane comes from both gas plants and refineries. Here we see data through April which shows that production at both gas plants and refineries are up right now.
This is primarily due to an increase at the refinery level because of an increase in gasoline production. When refineries crank out gasoline, propane is a by product and right now gasoline production is up.
Production of propane at gas plants is also up. Since prices of natural gas and propane are up, this has created positive margins to produce propane.
