The EIA announced a draw of 3.7M/bbls for the week ending February 21, 2025. This compares to one year ago, when inventories were sitting at 51.2M/bbls for this same week of the year.
The 51.5M/bbls compares to an 11-year average of 50.91M/bbls for this week of the year, and a five-year average of 48.34. PADD-II (Midwest) inventories are at 11.1M/bbls, which is below the five-year average of 11.8M/bbls for this time of year.
For the first eight weeks of 2025, propane inventories have declined a total of 33.5M/bbls, using the weekly EIA Data. Here is how that ranks to the previous seven years:
2024: 29.7M
2023: 18.3M
2022: 28.5M
2021: 31.7M
2020: 14.5M
2019: 17.1M
2018: 25.2M
TET inventories are at 32.9M/bbls, compared to a five-year average of 29.04M/bbls. Exports this past week were below 1.5M/bpd, while production was at 2.657M/bpd.
