Slide 21 of 24
Notes:
Stocks are the immediately available supply to satisfy demand. When they are low and dropping sharply, especially during the high demand season, wholesale buyers may begin to worry about short-term supply availability and bid prices up.
As of the end of July, propane inventories in the United States were 61.9 million barrels, 41 percent higher than last year at this time.
March through September is the stock building season (September is usually when stocks peak). Stocks normally build around 34 million barrels during this period. For the entire United State, stocks have already been built by 38 million barrels through July, about 38 percent above the five year average.
