Slide 16 of 26
Notes:
- U.S. inventories of propane benefited from a late pre-season build that pushed inventories to over 65 million barrels by early November 2000, the second highest peak pre-heating season level since 1986.
- However, a large draw in U.S. inventories of propane in December put inventories at the bottom of the “normal” range. U.S. propane inventories are expected to remain at or below the normal range for the duration of the 2000-01 heating season.
- As we look ahead, we will be watching how propane stocks recover this summer and fall in preparation for next winter.
