Middle East Tensions Push Propane Prices Up Amid Record US Production & Inventories
By Bill StompPropane Insider1 min read
Despite record-high U.S. propane production exceeding 3 million barrels per day (EIA propane/propylene net production) and robust inventories, global geopolitical tensions, particularly in the Middle East, are driving up propane prices. LP Gas magazine highlights concerns over supply disruptions, suggesting that the well-insulated U.S. market is not immune to international influences.