Propane rose to 0.73 USD/Gal on July 3, 2025, up 0.44% from the previous day. Over the past month, Propane's price has risen 2.23%, but it is still 13.84% lower than a year ago, 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 July of 2025.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas from 1992-07-09 to 2025-06-30 about mont belvieu, propane, commodities, and USA.

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US Propane Market Size 2025-2029

The US propane market size is forecast to increase by USD 8.42 billion at a CAGR of 6.6% between 2024 and 2029.

The Propane market in the US is experiencing significant growth, driven by advancements in propane storage and transportation technologies. These innovations have increased the efficiency and safety of propane handling, making it an attractive alternative fuel for various industries, including residential, commercial, and industrial sectors. Furthermore, the development of renewable propane, derived from natural gas processing and biomass, is expanding the market's reach and reducing its carbon footprint. However, the market's growth is not without challenges. Competitive alternative fuels, such as natural gas and electricity, are gaining popularity due to their lower carbon emissions and increasing affordability. To capitalize on market opportunities and navigate these challenges effectively, companies must focus on improving propane's competitiveness through cost reduction, efficiency gains, and the adoption of cleaner production methods.
Additionally, collaboration with government agencies and industry associations to promote the use of propane as a clean and efficient fuel source can help mitigate competition and strengthen the market's strategic landscape.

What will be the size of the US Propane Market during the forecast period?

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The propane market in the US continues to evolve, driven by various factors including propane technology advancements, alternative fuel infrastructure development, and grid modernization projects. Propane's versatility as an energy source, coupled with its environmental sustainability initiatives such as emission reduction and renewable energy integration, positions it as a key player in the energy transition. Propane's adoption is further boosted by smart grid deployment and energy efficiency standards, as well as the increasing focus on energy security policies and sustainable development goals. Propane's competition with natural gas and the emergence of alternative fuels like hydrogen and biodiesel, as well as electric vehicle infrastructure, necessitate continuous innovation and cost savings through propane efficiency improvements, system maintenance, and demand forecasting.
Propane's role in clean energy investments, carbon offsetting programs, and carbon capture technologies also contribute to its market outlook. Propane's price volatility, safety training, and delivery logistics remain critical areas of focus, while regulations compliance and appliance repair are essential for maintaining consumer trust and market growth. Overall, the propane market's future direction is influenced by the interplay of these factors and the evolving energy landscape.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Industrial
  Commercial
  Residential
  Others


Grade Type

  HD-5 propane
  HD-10 propane
  Commercial propane


Type

  Gas
  Liquid


Application

  Heating
  Cooking
  Power Generation
  Motor Fuel
  Industrial Processes
  Others


Geography

  US

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period.

Propane, a versatile energy source, plays a significant role in various industries and applications in the US. Its demand is influenced by economic activity, particularly in manufacturing and construction sectors, where propane is used for heating, processing, and other applications. Cold weather increases the demand for propane in industries such as agriculture, food processing, and construction, which rely on it for heating and drying. Seasonal fluctuations in weather patterns also impact short-term demand. Propane competes with other energy sources, including natural gas, electricity, and heating oil. The relative cost of propane versus these alternatives influences demand.

Propane is also used in various applications, such as forklifts, buses, generators, cooking, and heating, offering energy security and independence. Propane innovation continues to drive the market, with advancements in green technology, energy storage, carbon capture, and renewable fuels. Sustainable development and environmental sustainability are key considerations, with regulations focusing on reducing greenhouse gas emissions and improving energy efficiency. The market also includes propane retailers, suppliers, and distributors, offering various services such as fueling, delivery, and conversion. The industrial sector's demand for propane is expected to remain strong, driven by its versatility, efficiency, and competitiveness.

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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).

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.

The global Propane market size reached USD 81.40 Billion in 2021 and is expected to reach USD 122.64 Billion in 2030 registering a CAGR of 4.7%. Propane industry report classifies global market by share, trend, growth and based on form, grade, end-use, and region | Liquefied Petroleum Gas (LPG)

The global propane market is expected to grow in the forecast period of 2025-2034 at a CAGR of 4.00%.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Propane (WPU05320104) from Jun 1977 to May 2025 about propane, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Propane Prices: Mont Belvieu, Texas was 0.80900 $ per Gallon in June of 2025, according to the United States Federal Reserve. Historically, United States - Propane Prices: Mont Belvieu, Texas reached a record high of 1.98000 in July of 2008 and a record low of 0.20300 in March of 2020. 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 June of 2025.

China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data was reported at 4,473.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 5,034.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data is updated monthly, averaging 4,695.000 RMB/Ton from Mar 2020 (Median) to Apr 2025, with 62 observations. The data reached an all-time high of 6,442.000 RMB/Ton in Oct 2021 and a record low of 2,513.000 RMB/Ton in Mar 2020. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

In the first quarter of 2025, the Liquefied Petroleum Gas (LPG) market in the North American region experienced significant price fluctuations, reflecting tight supply conditions, extreme weather events, and changing demand dynamics. A sharp price increase was seen at the beginning of the quarter due to the combined impact of severe winter storms, which heightened demand for heating fuels and led to inventory draws. Propane and butane prices surged, driven by increased consumption, higher crude oil and natural gas prices, and a surge in LPG exports.

Browse Propane Non-LDH Mont Belvieu (OPIS) Futures (A1R) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

The CME Group Market Data Platform (MDP) 3.0 disseminates event-based bid, ask, trade, and statistical data for CME Group markets and also provides recovery and support services for market data processing. MDP 3.0 includes the introduction of Simple Binary Encoding (SBE) and Event Driven Messaging to the CME Group Market Data Platform. Simple Binary Encoding (SBE) is based on simple primitive encoding, and is optimized for low bandwidth, low latency, and direct data access. Since March 2017, MDP 3.0 has changed from providing aggregated depth at every price level (like CME's legacy FAST feed) to providing full granularity of every order event for every instrument's direct book. MDP 3.0 is the sole data feed for all instruments traded on CME Globex, including futures, options, spreads and combinations. Note: We classify exchange-traded spreads between futures outrights as futures, and option combinations as options.

Origin: Directly captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON Learn more

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics Learn more

Resolution: Immediate publication, nanosecond-resolution timestamps

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU0532) from Jan 1971 to May 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

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

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas was 156.98800 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas reached a record high of 539.50000 in July of 2008 and a record low of 14.50000 in April of 1971. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas - last updated from the United States Federal Reserve on June of 2025.

China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 3rd Month data was reported at 4,393.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 4,596.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 3rd Month data is updated monthly, averaging 4,597.000 RMB/Ton from Mar 2020 (Median) to Apr 2025, with 62 observations. The data reached an all-time high of 6,204.000 RMB/Ton in May 2022 and a record low of 2,597.000 RMB/Ton in Mar 2020. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 3rd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

Browse Argus Propane Far East Index vs. Japan C&F Naphtha (Platts) Futures (3NA) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

The CME Group Market Data Platform (MDP) 3.0 disseminates event-based bid, ask, trade, and statistical data for CME Group markets and also provides recovery and support services for market data processing. MDP 3.0 includes the introduction of Simple Binary Encoding (SBE) and Event Driven Messaging to the CME Group Market Data Platform. Simple Binary Encoding (SBE) is based on simple primitive encoding, and is optimized for low bandwidth, low latency, and direct data access. Since March 2017, MDP 3.0 has changed from providing aggregated depth at every price level (like CME's legacy FAST feed) to providing full granularity of every order event for every instrument's direct book. MDP 3.0 is the sole data feed for all instruments traded on CME Globex, including futures, options, spreads and combinations. Note: We classify exchange-traded spreads between futures outrights as futures, and option combinations as options.

Origin: Directly captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON Learn more

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics Learn more

Resolution: Immediate publication, nanosecond-resolution timestamps

Vietnam Imports: Liquefied Petroleum Gas data was reported at 72.992 USD mn in Jul 2018. This records a decrease from the previous number of 93.399 USD mn for Jun 2018. Vietnam Imports: Liquefied Petroleum Gas data is updated monthly, averaging 49.499 USD mn from Jan 2009 (Median) to Jul 2018, with 115 observations. The data reached an all-time high of 107.315 USD mn in Apr 2011 and a record low of 13.787 USD mn in Feb 2011. Vietnam Imports: Liquefied Petroleum Gas data remains active status in CEIC and is reported by Vietnam Customs. The data is categorized under Global Database’s Vietnam – Table VN.JA018: Imports: By Commodity: Value.

China Turnover: Volume: Dalian Commodity Exchange: Liquefied Petroleum Gas data was reported at 2,482.642 Lot th in Apr 2025. This records an increase from the previous number of 2,055.566 Lot th for Mar 2025. China Turnover: Volume: Dalian Commodity Exchange: Liquefied Petroleum Gas data is updated monthly, averaging 3,170.380 Lot th from Mar 2020 (Median) to Apr 2025, with 62 observations. The data reached an all-time high of 13,193.140 Lot th in Apr 2020 and a record low of 195.450 Lot th in Mar 2020. China Turnover: Volume: Dalian Commodity Exchange: Liquefied Petroleum Gas data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Turnover.

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Propane was 151.45400 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Propane reached a record high of 563.60000 in July of 2008 and a record low of 46.20000 in November of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Propane - last updated from the United States Federal Reserve on July of 2025.