Propane exports have increased throughout 2013. First quarter propane exports averaged ~150 thousand barrels per day, second quarter propane exports averaged ~180 thousand barrels per day, third quarter propane exports averaged ~230 barrels per day, and fourth quarter propane exports to date have averaged ~270 thousand barrels per day. Most recently, the U.S. Department of Energy reported that as of December 20, propane exports were at 370 thousand barrels per day.
Increased propane exports are a positive for domestic propane prices because they represent increased demand for domestic propane. U.S. propane prices have increased nearly 60% since mid-June—with much of the price increase likely due to increased demand from propane exports.
via How soaring propane exports affect prices » Market Realist.
Categories: Energy, Natural Gas