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FOURTH-QUARTER 2006 FIRST-QUARTER 2007: Extended cold challenges C3 supply, distribution; markets remain unfazed by production decline

05/07/2007
Weather is always an important influence on propane supply-demand trends during the winter heating season. With mild winters during past 4 years, US propane marketers and wholesalers were probably lulled into complacency about the impact of truly cold weather on propane supply and the distribution system.Heating degree-days during winter 2006-07 totaled 4,915 for the Northeast, 5,315 for the Midwest, and 2,356 for the Southeast-key regional markets for retail propane sales. The 30-year averages for heating degree-days in these regional markets were 5,262 for the Northeast, 5,580 for the Midwest, and 2,581 for the Southeast. During winter 2006-07, the Northeast had 6.1% fewer heating degre...
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