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Propane inventories drew by 5.4MM/bbls for the week ending January 30, 2026. National inventories now sit at 77.3M/bbls, or 18.4M more barrels than we had on hand one year ago.
Midwest inventories are nearly back in line with the midpoint of the past 13 years for inventory levels at this time, while Gulf inventories remain at all-time highs for this time of year. The same can be said of national inventories, which are extremely elevated for this time of year.
The forecast continues to indicate that much of the nation will experience above-normal temperature anomalies over the next two weeks, with the exception of the West and the Pacific Northwest. The video from BAM discusses the colder risks for the West and Northwest as we move into March, and there are still chances that the Northeast and the northern tier of the country could experience colder-than-normal anomalies.
