the hypothetical NGL barrel dropped in the past week at both the Mont Belvieu, Texas (-3.4%), and Conway, Kan. (-7.4%), hubs.

The hypothetical NGL barrel was brought down by sharp declines in propane and butanes over the past week.

Propane at Mont Belvieu declined 5.7%, with Conway propane down 14.5% to fall below 50 cents per gallon (gal) for the first time since early January. En*Vantage noted that “domestic fuel demand for propane has been exceptionally strong despite winter weather being relatively mild.”