Short-term tank car sublease rates fell slightly week over week as warmer temperatures over much of the U.S. dampened propane demand.
We’re calling our propane season “pretty much over,” said one traffic manager at a midstream company. Some weather forecasts, as of Thursday, were calling for a pause in below normal temperatures. Harsh winter conditions may not resurface in the eastern or central U.S. until early February.
The Department of Energy (DOE) reported that U.S. propane/propylene stocks fell 4.0 million bbl to 54 million bbl in the week ending Jan. 19. Stocks were down 20.8% from year-ago levels.
A smattering of difficulties for energy operations in different parts ...