Propane fell to 0.70 USD/Gal on September 30, 2025, down 1.77% from the previous day. Over the past month, Propane's price has fallen 2.61%, and is down 0.06% 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 October of 2025.

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

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.

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

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).

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

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

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2025-09-19 about mont belvieu, propane, commodities, and USA.

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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

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

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 September of 2025.

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

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

United States - Consumer Price Index for All Urban Consumers: Propane, Kerosene, and Firewood in U.S. City Average was 433.33200 Index Dec 1986=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Propane, Kerosene, and Firewood in U.S. City Average reached a record high of 461.69000 in January of 2022 and a record low of 101.60000 in July of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Propane, Kerosene, and Firewood in U.S. City Average - last updated from the United States Federal Reserve on September of 2025.

Why did the Liquified Petroleum Gas Price Change in July 2025? Liquefied Petroleum Gas (LPG) Price Index in China declined during Q2 2025, with Propane CFR Shanghai settling at USD 665/MT and Butane CFR Shanghai at USD 630/MT by early June.

Mont Belvieu, Texas - Propane Prices - Historical chart and current data through 2025.

View weekly updates and historical trends for Minnesota Propane Retail Price. Source: Energy Information Administration. Track economic data with YCharts …

Suburban Propane Partners stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

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.

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