EIA: U.S. propane inventories dive by 3.22 million barrels

02/27/2013 | Platts

The U.S.'s propane stockpile took a dive last week by 3.22 million barrels, settling at 47.85 million barrels, according to the Energy Information Administration. The agency attributes the decline to cold weather and strong margins for petrochemical cracking. Despite the decline, the country's propane market still experiences a supply glut, experts say.

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