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, a significant shift that could influence prices in the coming months. 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.