Slide 22 of 25
Notes:
- Domestic production of propane is up, net imports are down, but demand is also weak.
- The net effect has been that inventories have been running low.
- However they are improving. The typical stock building period runs from March through September, during which stocks increase about 34 million barrels. The build so far this year has been 31 million barrels, or almost 15% faster than usual through July.
- The strong stock build has allowed stock levels to move from below the typical band to the bottom of the band.
