Ethane reached another high for the year at Mont Belvieu, Texas, last week as it lurched toward 37 cents per gallon (gal) into its loftiest territory since February 2014, or 227 weeks.

The 15.3% weekly jump erased the declines of the past three weeks and widened the margin by 34.2% to about 18 cents/gal. The rest of the NGL at both Mont Belvieu and Conway, Kan., slipped in price, with the hypothetical barrel taking a 1.5% hit at Mont Belvieu and Conway’s remaining static.

The Mont Belvieu barrel was still 33.2% higher than it was a year ago, and the price of ethane was 44.5% above the average of the same week in 2017.

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