FARM BUSINESS NEWS
Myke Feinman Refine Fuels Reporter
Thu Jan 23, 2014 04:39 PM CST

STREATOR, Ill. (DTN) -- Spot propane at the Conway supply hub in Kansas changed hands last at nearly $5 a gallon in light trading Thursday as a supply squeeze aggravated by extreme cold pulls strongly on already depleted Midwestern propane stocks.

U.S. propane stocks were drawn down another 3.4 million barrels (bbl) to 35.3 million bbl during the week-ended Jan. 17, now at a 42.0% year-over-year supply deficit, the Energy Information Administration data showed Thursday. Midwest stocks were down 1.3 million bbl, or 11.3%, to 10.2 million bbl for the period. Data shows a 35%, or 19.0 million bbl, drawdown ...

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