Presentation is loading. Please wait.

Presentation is loading. Please wait.

Www.eia.gov U.S. Energy Information Administration Independent Statistics & Analysis Propane situation update April 22, 2014 | Washington, DC By Adam Sieminski,

Similar presentations


Presentation on theme: "Www.eia.gov U.S. Energy Information Administration Independent Statistics & Analysis Propane situation update April 22, 2014 | Washington, DC By Adam Sieminski,"— Presentation transcript:

1 U.S. Energy Information Administration Independent Statistics & Analysis Propane situation update April 22, 2014 | Washington, DC By Adam Sieminski, EIA Administrator

2 Many Midwest and Eastern states had much below average winter temperatures U.S. Energy Information Administration 2 Source: National Oceanic and Atmospheric Administration

3 Natural gas and electricity are the major heating fuels for most of the United States U.S. Energy Information Administration 3 Source: U.S. Census Bureau, 2012 American Community Survey DC Share of homes by primary space heating fuel within each Census Region (fuels add to 100%) Northeast South Midwest West U.S. total 116 million homes natural gas propane heating oil electricity wood kerosene/other/no heating propane 4.5% 7%

4 Of all homes heated by propane, 36% are in the Midwest U.S. Energy Information Administration 4 Source: U.S. Census Bureau, 2012 American Community Survey Location of homes by primary space heating fuel across Census Regions (regions add to 100%) Northeast Midwest West South Northeast

5 Propane share of space heating demand by key regions and states U.S. Energy Information Administration 5 Source: Census Bureau, 2011 State Propane-Heated Homes Share of Total Homes Michigan 320,5228% Wisconsin 245,07111% Ohio 240,1855% Minnesota 213,35910% Missouri 212,3179% Illinois 189,0254% Indiana 176,5207% Iowa 162,11713% Kentucky 113,1757% Tennessee 110,4864% Oklahoma 103,0177% Kansas 83,3867% Nebraska 57,4428% South Dakota 54,01517% North Dakota 38,61713% Midwest Total 2,319,2547% State Propane-Heated Homes Share of Total Homes New York 237,7383% Pennsylvania 188,8804% New Hampshire 72,09114% Massachusetts 68,5173% New Jersey 60,9902% Connecticut 43,8493% Maine 41,4777% Vermont 38,49715% Rhode Island 10,3613% Northeast Total762,4004%

6 PADD 2 (Midwest) propane inventories have trended lower on strong crop drying and extremely cold temperatures U.S. Energy Information Administration 6 PADD 2 propane inventories million barrels Source: EIA, Weekly Petroleum Status Report, data through April 11 April MMbbls

7 PADD 2 (Midwest) propane inventories remain below the 5-year average, but gap is narrowing U.S. Energy Information Administration 7 PADD 2 propane inventories, difference from 5-year average million barrels Source: EIA, Weekly Petroleum Status Report, data through April 11 as of April 11

8 Conway (KS) price premium over Mt. Belvieu (TX) grew rapidly in late January, but has since narrowed U.S. Energy Information Administration 8 propane and propylene spot prices dollars per gallon

9 Retail propane prices in the Midwest, which rose sharply in late January, have moved lower dollars per gallon PADD 1 Heating Oil PADD 2 Heating Oil PADD 1 Propane PADD 2 Propane Source: State Heating Oil and Propane Program, data through March 17 U.S. Energy Information Administration 9 this winter through March 17

10 State-reported residential retail prices for states in the East Coast U.S. Energy Information Administration 10 1/27/142/3/142/10/142/17/142/24/143/3/143/10/143/17/14 Residential retail propane price (dollars per gallon, excluding taxes) Connecticut Delaware Maine Maryland Massachusetts New Hampshire New Jersey New York North Carolina Pennsylvania Rhode Island Vermont Virginia Note: Florida, Georgia, South Carolina, West Virginia, and the District of Columbia do not report information Source: EIA, State Heating Oil and Propane Program, data through March 17

11 State-reported residential retail prices for states in the Midwest U.S. Energy Information Administration 11 1/27/142/3/142/10/142/17/142/24/143/3/143/10/143/17/14 Residential retail propane price (dollars per gallon, excluding taxes) Indiana Iowa Kentucky Michigan Minnesota Missouri Nebraska North Dakota Ohio South Dakota Wisconsin Note: Illinois, Kansas, Oklahoma, and Tennessee do not report information Source: EIA, State Heating Oil and Propane Program, data through March 17

12 U.S. propane production and trade trends U.S. Energy Information Administration 12 U.S. propane and propylene production, imports, and exports thousand barrels per day Source: EIA, Petroleum Supply Monthly through January 2014 production exports imports Since January 2011, production and exports have grown by about 300 thousand barrels per day..

13 Winter 2013 propane supply diagram 13 U.S. Energy Information Administration

14 For more information 14 U.S. Energy Information Administration home page | Short-Term Energy Outlook | Annual Energy Outlook | International Energy Outlook | Monthly Energy Review | Today in Energy | State Energy Portal | Drilling Productivity Report | U.S. Energy Information Administration


Download ppt "Www.eia.gov U.S. Energy Information Administration Independent Statistics & Analysis Propane situation update April 22, 2014 | Washington, DC By Adam Sieminski,"

Similar presentations


Ads by Google