Record US Propane Production Hits 3 Million BPD; Inventories Soar

U.S. propane production recently surged past 3 million barrels per day (bpd) of propane/propylene, a new weekly record per EIA data, leading to elevated national inventories. Despite this ample supply, propane prices have seen recent upsides, driven by factors detached from domestic fundamentals. This divergence creates a complex pricing environment for propane companies navigating strong supply but volatile market signals.