Propane rose to 0.70 USD/Gal on December 1, 2025, up 2.86% from the previous day. Over the past month, Propane's price has risen 6.57%, but it is still 13.17% 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 December of 2025.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2025-11-21 about mont belvieu, propane, commodities, and USA.

View weekly updates and historical trends for US Residential Propane Price. from United States. Source: Energy Information Administration. Track economic …

United States - Propane Prices: Mont Belvieu, Texas was 0.59800 $ per Gallon in November 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 November of 2025.

View weekly updates and historical trends for US Wholesale Propane Price. from United States. Source: Energy Information Administration. Track economic da…

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).

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US Propane Market Size 2025-2029

The US propane market size is valued to increase by USD 8.42 billion, at a CAGR of 6.6% from 2024 to 2029. Advancements in propane storage and transportation will drive the US propane market.

Major Market Trends & Insights

By End-user - Industrial segment was valued at USD 7.38 billion in 2022
By Grade Type - HD-5 propane segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 64.96 billion
Market Future Opportunities: USD 8.42 billion
CAGR from 2024 to 2029 : 6.6%

Market Summary

Propane, a versatile hydrocarbon fuel, plays a pivotal role in the US energy market, catering to various sectors including residential, commercial, and industrial applications. The market's growth is driven by several factors, including the increasing demand for cleaner and more efficient energy sources and the expanding infrastructure for propane storage and transportation. Recent advancements in propane storage technology have led to the development of larger, more efficient tanks, enabling businesses to store larger quantities of propane on-site. Simultaneously, innovations in transportation methods, such as rail and marine transport, have expanded the reach of propane, making it more accessible to consumers in remote areas.
The emergence of renewable propane, derived from natural gas processing and biomass, adds another dimension to the market. This eco-friendly alternative offers businesses the opportunity to reduce their carbon footprint while continuing to use propane for their energy needs. However, the propane market faces challenges from competitive alternative fuels, such as natural gas and electricity. These fuels offer similar benefits but may be more cost-effective or convenient for some businesses. As a result, propane providers must continue to innovate and adapt to remain competitive. In conclusion, the US propane market is a dynamic and evolving landscape, shaped by advancements in technology, the availability of renewable alternatives, and the competitive pressures of alternative fuels.
Businesses looking to leverage propane as an energy source must stay informed of these trends and adapt to remain competitive.

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

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How is the Propane in US Market Segmented and what are the key trends of market segmentation?

The propane in US industry 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

  North America

    US

By End-user Insights

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

The Propane Market in the US is a dynamic and evolving sector, with demand influenced by various factors. Industrial sectors, particularly manufacturing and construction, drive growth due to their reliance on propane for heating, processing, and other applications. Seasonal weather patterns significantly impact demand, with cold weather increasing the need for propane in industries such as agriculture, food processing, and construction. Propane competes with other energy sources, with price fluctuations shaping demand. For instance, a 10% decrease in propane prices can lead to a 3% increase in demand. Propane is used extensively in residential applications, including grilling, water heating, and heating systems.

Commercial propane delivery, storage capacity expansion, and pipeline infrastructure investments are ongoing activities to meet the evolving needs of the market. Safety, efficiency, and regulatory compliance are crucial considerations, with investments in equipment maintenance, leak detection, and combustion efficiency essential. The propane supply chain involves various transportation methods, including trucking, rail, and pipeline infrastructure. Despite price volatility, the long-term demand for propane is forecasted to remain strong due to its energy density and versatility in various applications, from industrial processes to residential use.

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The Industrial segment was valued at USD 7.38 billion in 2019 and showed a gradual increase during the forecast period.

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Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies

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

View market daily updates and historical trends for Mont Belvieu Propane Spot Price. Source: Energy Information Administration. Track economic data with Y…

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

The global propane market is booming, with a projected CAGR of 4.33% until 2033. Driven by petrochemical demand and cleaner energy adoption, this market analysis reveals key trends, restraints, and major players like Air Liquide, BP, and Shell. Discover growth opportunities in this expanding sector. Recent developments include: March 2022: KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") will collaborate to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology will be combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene., October 2021: Suburban Propane Partners LP announced the extension of its 2020 agreement with U-Haul to provide eco-friendly and renewable propane in California.. Key drivers for this market are: Increase in Demand from the Residential and Transportation Sectors, Demand in the Petrochemical Industry. Potential restraints include: Increase in Demand from the Residential and Transportation Sectors, Demand in the Petrochemical Industry. Notable trends are: Residential Segment to Dominate the Market.

View weekly updates and historical trends for Minnesota Residential Propane Price. from United States. Source: Energy Information Administration. Track ec…

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Propane was 151.63300 Index 1982=100 in August 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 December of 2025.

View weekly updates and historical trends for Wisconsin Residential Propane Price. from United States. Source: Energy Information Administration. Track ec…

Index Time Series for United States Natural Gas Fund LP. The frequency of the observation is daily. Moving average series are also typically included. The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, "ICE Futures") or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.

View monthly updates and historical trends for North American LPG Propane Spot Price. Source: International Monetary Fund. Track economic data with YChart…

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on December of 2025.