**Record US Propane Production Hits 3 Million BPD; Inventories Soar**

U.S. propane production recently surged past 3 million barrels per day (bpd), a new record, 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.