Propane Inventories Take Unexpected Dip: East Coast Faces Tight Supply, Price Hikes

U.S. propane inventories saw an unexpected weekly draw of 1.144 million barrels (EIA, week ending April 24, 2026), a significant shift that could influence prices in the coming months, though national stocks remain well above the five-year average. While regional imbalances persist, with Gulf Coast (PADD 3) and Midwest (PADD 2) remaining oversupplied, tighter conditions on the East Coast (PADD 1) are creating a complex market narrative for propane marketers.