Propane fell to 0.67 USD/Gal on August 7, 2025, down 1.71% from the previous day. Over the past month, Propane's price has fallen 10.35%, and is down 12.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on August of 2025.

The Average Residential Retail Propane Prices dataset provides New York residents and businesses with objective information on average residential retail propane pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by New York State Energy Research and Development Authority (NYSERDA) staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon. The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset. For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Propane Prices Dashboard: https://www.nyserda.ny.gov/researchers-and-policymakers/energy-prices/propane/average-propane-prices The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

Get the latest insights on price movement and trend analysis of Propane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2025-08-01 about mont belvieu, propane, commodities, and USA.

United States - Propane Prices: Mont Belvieu, Texas was 0.77800 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - Propane Prices: Mont Belvieu, Texas reached a record high of 1.46400 in January of 2011 and a record low of 0.26000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Propane Prices: Mont Belvieu, Texas - last updated from the United States Federal Reserve on August of 2025.

This dataset contains United States Daily Propane Spot Prices for 1992 - 2021. Data from US Energy Information Administration. Follow https://datasource.kapsarc.org/ for timely data to advance energy economics research. Notes:Propane (C3H8): A normally gaseous straight-chain hydrocarbon. It is a colorless paraffinic gas that boils at a temperature of -43.67 degrees Fahrenheit. It is extracted from natural gas or refinery gas streams. It includes all products designated in ASTM Specification D1835 and Gas Processors Association Specifications for commercial propane and HD-05 propane. For price data, it does not include the propane portion of any natural gas liquids (NGL) mixes; i.e., butane-propane and ethane-propane mix.Mont Belvieu, TX Propane Spot Price FOB (Dollars per Gallon)

The Average Home Heating Oil Prices dataset provides New York residents and businesses with objective information on average residential retail heating fuel oil pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by NYSERDA staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon.

The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset.

For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Home Heating Oil Prices Dashboard: https://www.nyserda.ny.gov/Researchers-and-Policymakers/Energy-Prices/Home-Heating-Oil/Average-Home-Heating-Oil-Prices

The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, accelerate economic growth, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

The Average Residential Retail Kerosene Prices dataset provides New York residents and businesses with objective information on average residential retail kerosene pricing in New York State and by region beginning September 4, 2000. Pricing data is obtained via surveys conducted by New York State Energy Research and Development Authority (NYSERDA) staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon.

The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset.

For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Kerosene Prices Dashboard: https://www.nyserda.ny.gov/researchers-and-policymakers/energy-prices/kerosene/average-kerosene-prices

The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit https://nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The Average Home Heating Oil Prices dataset provides New York residents and businesses with objective information on average residential retail heating fuel oil pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by NYSERDA staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon. The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset. For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Home Heating Oil Prices Dashboard: https://www.nyserda.ny.gov/Researchers-and-Policymakers/Energy-Prices/Home-Heating-Oil/Average-Home-Heating-Oil-Prices The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, accelerate economic growth, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

The global fuel energy price index stood at 166.79 index points in May 2025, up from 100 in the base year 2016. Figures increased that month due to greater demand for motor fuels and cooling. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

United States Refiner Price: Resale: EIA: Propane: at Consumer Grade data was reported at 0.792 USD/gal in Apr 2018. This records a decrease from the previous number of 0.827 USD/gal for Mar 2018. United States Refiner Price: Resale: EIA: Propane: at Consumer Grade data is updated monthly, averaging 0.474 USD/gal from Jan 1983 (Median) to Apr 2018, with 424 observations. The data reached an all-time high of 1.833 USD/gal in Jul 2008 and a record low of 0.207 USD/gal in Jul 1989. United States Refiner Price: Resale: EIA: Propane: at Consumer Grade data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

United States Refiner Price: End User: EIA: Propane: at Consumer Grade data was reported at 0.839 USD/gal in Apr 2018. This records a decrease from the previous number of 0.842 USD/gal for Mar 2018. United States Refiner Price: End User: EIA: Propane: at Consumer Grade data is updated monthly, averaging 0.694 USD/gal from Jan 1983 (Median) to Apr 2018, with 410 observations. The data reached an all-time high of 2.206 USD/gal in Jan 2008 and a record low of 0.335 USD/gal in Aug 1998. United States Refiner Price: End User: EIA: Propane: at Consumer Grade data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around **** Thai baht per liter, which was a slight increase compared to the previous year. The average price of LPG in the country has fluctuated over the observed period.

Bi-weekly average of reported motor fuel prices by community. Keywords: fuel, motor, gasoline, gas, propane, diesel, premium

Market Overview:

The global connected natural gas water heater market is expected to grow at a CAGR of 7.5% from 2022 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient and environment-friendly solutions across the globe and rising awareness about the benefits of using connected natural Gas Water Heaters over traditional Electric Water Heaters. The below 10L segment is projected to account for the largest share of the global connected natural gas water heater market in 2022, owing to its low installation cost.

Product Definition:

A connected natural gas water heater is a water heater that is directly connected to the natural gas supply line in your home. This type of water heater typically has a higher flow rate than an electric or propane water heater, making it ideal for larger homes. A connected natural gas water heater also offers quick and easy installation, as there is no need for a separate tank like you would need with an electric or propane model.

Below 10L:

Below 10L is the new term in the connected natural gas water heaters sales market which means a device that can be directly attached to a Natural Gas Pipeline and used for heating water. It’s an innovative solution that uses the existing infrastructure of gas pipelines and does not require any additional electric supply. The below 10L devices are considered one of the most efficient ways to provide hot water in rural areas where electricity is either expensive or non-existent.

10-15L:

10-15L is a standard water heater used in natural gas-fired water heaters. It has a capacity between 10 liters (1000 gallons) to 15 liters (1250 gallons). The 10-15L water heater is commonly used for residential applications and can be installed in both new constructions as well as remodeling projects.

15-20L:

15-20L is a type of connected natural gas water heater. It is typically used for commercial or household applications.

Above 20L:

Above 20L is a type of connected natural gas water heater. It is typically used for commercial or household applications.

Tankless:

Tankless is a type of connected natural gas water heater. It is typically used for commercial or household applications.

Application Insights:

The commercial application segment held the largest share of over 70.0%. The demand for natural gas water heaters at commercial sites is expected to increase significantly owing to the growing adoption of NGWHs as they are more economical than electric or fuel oil water heaters and also have a lower environmental impact. Furthermore, increasing government initiatives towards reducing greenhouse emissions will further drive the demand for natural gas-connected household appliances such as NGWTHs over the forecast period. Household applications accounted for a significant market share owing to rising awareness about energy conservation among consumers across various regions globally including North America, Europe, Asia Pacific, and Middle East & Africa.

Regional Analysis:

Asia Pacific is expected to be the key regional market over the forecast period owing to increasing demand for natural gas-based water heaters in countries such as China and India. The region accounted for a revenue share of more than 35% and is anticipated to grow at a significant rate over the forecast period. Increasing awareness regarding energy conservation, growing population, and rapid urbanization coupled with rising disposable income are some of the major factors driving product demand in the Asia Pacific. North America was one of the largest markets for connected natural gas water heater sales accounting for exceeding 20% revenue share owing to high penetration rates associated with tankless products across U.S., Canada, and Mexico cities along with stringent government regulations on conventional fossil fuel-based water heaters that are responsible for carbon emission into the environment resulting into harmful greenhouse effect which ultimately leads towards global warming or climate change.

Growth Factors:

• Increasing demand for energy-efficient appliances: A key factor driving the growth of the connected natural gas water heater market is the increasing demand for energy-efficient appliances. Connected natural gas water heaters are more efficient than traditional electric water heaters and this is expected to boost their adoption in the coming years.
• Growing awareness about the benefits of connected devices: Another major

The global tankless LPG water heater market is experiencing robust growth, driven by increasing demand for energy-efficient and space-saving hot water solutions. This market, estimated at $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. Several factors contribute to this expansion. Firstly, rising energy costs and growing environmental consciousness are pushing consumers and businesses towards energy-efficient appliances like tankless water heaters. Secondly, the increasing adoption of LPG as a fuel source in both residential and commercial applications fuels market growth, particularly in regions with limited access to natural gas. Furthermore, technological advancements leading to improved efficiency, enhanced safety features, and compact designs are driving market penetration. Key players such as Rinnai, A. O. Smith, and Rheem are continuously innovating and expanding their product portfolios to cater to the diverse needs of consumers across various geographical locations. The residential segment currently holds a larger market share compared to the commercial segment, although both are projected to experience significant growth over the forecast period. Regional growth varies, with Asia Pacific and North America expected to remain key markets, driven by factors such as increasing urbanization, rising disposable incomes, and favorable government policies promoting energy efficiency. The market segmentation by flow rate (Below 10 Liter/min, 10 to 40 Liter/min, Above 40 Liter/min) reveals a varied adoption pattern across different consumer segments. The "10 to 40 Liter/min" segment likely represents the largest market share due to its suitability for a broad range of applications and family sizes. Growth restraints include the relatively higher initial cost of tankless water heaters compared to traditional tank-type heaters, potential concerns about fluctuating gas pressure affecting performance, and the need for professional installation in some cases. However, the long-term cost savings and environmental benefits are expected to outweigh these initial drawbacks, fostering continuous market expansion.