US Liquefied Petroleum Gas (LPG) prices surged sharply in March **** as global supply disruptions and escalating geopolitical tensions reshaped international trade flows. The closure of the Strait of Hormuz, one of the world’s most critical energy corridors, triggered a *** collapse in global NGL supply, severely restricting Middle Eastern exports and forcing major Asian importers to seek alternative supply sources. This sudden shift positioned the United States as a crucial replacement supplier, driving a rapid escalation in domestic LPG pricing.
In March, Butane FD Texas climbed **.** to USD *.*/mmbtu, while propane rose *** to USD *.*/mmbtu, marking one of the steepest monthly increases in recent years. The supply shock reverberated across global markets as Middle Eastern NGL shipments fell to just ***,*** metric tons between March *–**, far below typical volumes. With traditional supply routes disrupted, Asian buyers including Japan, South...
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