Propane Stocks Remain Behind Last Year’s Levels
August 26, 2021
Crude oil stocks were down 2.98 million barrels putting total stocks at 432.564 million, and last year there were 507.763 million barrels. The crude oil stocks at Cushing, Ok were up 70,000 barrels putting total Cushing stocks at 33.665 million barrels, and last year there were 52.403 million barrels. US crude oil production held steady at 11.4 million BPD.
Gasoline stocks were down 2.24 million barrels putting total stocks at 225.924 million barrels, and last year there were 239.179 million barrels. Gasoline implied demand was 500,000 BPD to 10.246 million BPD.
Distillate stocks were up 645,000 barrels putting total stocks at 138.459 million barrels, and last year, there were 179.195 million barrels. Distillate demand was up 191,000 BPD to 5.184 million BPD.
Propane stocks were built by 1.988 million barrels putting total stocks at 68.749 million barrels, and last year there were 90.833 million barrels. Midwest stocks were built by 848,000 barrels putting total Midwest stocks at 21.595 million barrels, and last year there were 25.256 million barrels. Gulf Coast stocks were up 348,000 barrels putting total Gulf Coast stocks at 34.173 million, and last year there were at 52.286 million.