Propane increased 0.10 USD/GAL or 13.33% since the beginning of 2025, 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 March 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.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas from 1992-07-09 to 2025-03-24 about mont belvieu, propane, commodities, and USA.

Have timely access to reliable Propane price assessments in United States:

• Propane, spot price, fob, Mont Belvieu

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for United States and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Propane price assessments in Russia:

• Propane, export spot price, fob, Russia

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Russia and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Propane price assessments in Germany:

• Propane, import spot price, cif, Germany

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Germany and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

United States - Propane Prices: Mont Belvieu, Texas was 0.89500 $ per Gallon in March 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 March of 2025.

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.

Have timely access to reliable Propane price assessments in Mexico:

• Propane, import spot price, cif, Mexico

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Mexico and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data was reported at 1.179 % in 10 Mar 2025. This stayed constant from the previous number of 1.179 % for 03 Mar 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data is updated weekly, averaging 0.122 % from Feb 2020 (Median) to 10 Mar 2025, with 265 observations. The data reached an all-time high of 9.898 % in 12 Feb 2024 and a record low of 0.000 % in 16 Dec 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

According to Cognitive Market Research, the global Propane market size will be USD 8742 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the market share of around 30% of the global revenue with a market size of USD 2447.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2025 to 2033.
Europe accounted for a market share of 25% of the global revenue with a market size of USD 2141.79 million.
APAC held a major market share of 36% of the global revenue with a market size of USD 3147.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033.
South America has a market share of 4% of the global revenue with a market size of USD 332.20 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East had a market share of 4% of the global revenue and was estimated at a market size of USD 349.68 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Africa had a market share of 3.70% of the global revenue and was estimated at a market size of USD 323.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Gas category is the fastest growing Form segment of the Propane industry

Market Dynamics of Propane Market

Key Drivers for Propane Market

Increasing demand for clean energy alternatives to reduce greenhouse gas emissions drives market growth

As environmental concerns over climate change intensify, there is an increasing shift toward clean energy solutions, and propane is seen as an efficient, low-emission alternative to traditional fossil fuels. Propane produces significantly fewer greenhouse gases compared to coal, gasoline, and diesel. As per the International Energy Agency (IEA), the global renewable electricity generation is forecast to climb over 17,000 TWh by the end of the decade, a 90% increase from 2023. Renewables are projected to surpass coal in 2025, and solar PV is expected to become the largest renewable power source globally by 2029, outstripping hydropower. Governments and industries are investing in clean technologies, and propane, being a cleaner-burning fossil fuel, stands out as a suitable option for industries looking to reduce their carbon footprint. This rising demand for cleaner energy fuels the market’s growth by driving investments in propane production, infrastructure, and adoption across various sectors.

https://www.iea.org/energy-system/renewables

Growing use of propane in transportation as a cleaner fuel option

Propane is increasingly being adopted as an alternative fuel in the transportation sector, particularly in fleet operations. It is a cleaner-burning fuel compared to gasoline and diesel, with lower emissions of carbon monoxide, nitrogen oxides, and particulate matter. As per the IEA, in 2021, renewables accounted for 3.9% of total transport energy consumption, with the bulk of this being biofuels (3.5%) and the rest renewable electricity (0.4%) Additionally, propane-powered vehicles benefit from lower fuel costs, making it an attractive option for public transportation, delivery fleets, and other commercial vehicle sectors. The rise of government incentives and environmental policies promoting alternative fuels supports the adoption of propane in transportation, which accelerates its market penetration.

https://www.ren21.net/gsr-2024/modules/energy_demand/03_renewables_in_transport/

Restraint Factor for the Propane Market

Volatility in propane prices due to dependency on oil and natural gas markets hinders market growth

Propane prices are highly influenced by fluctuations in the global oil and natural gas markets, making the market susceptible to price volatility. The interconnectedness with crude oil prices, geopolitical tensions, and natural gas supply disruptions can cause sharp price swings, affecting both consumers and suppliers. This volatility makes propane less predictable as a fuel source for industries and households, potentially limiting its widespread adoption. The uncertainty in pricing could also deter investments in propane infrastructure and technology, slowing overall market growth.

Market Trends in Propane Market

Increasing adoption of propane-powered vehicles for fleet operations

Propane-powered vehicles are becoming more ...

The global propane market, valued at $21.24 billion in 2025, is projected to experience robust growth, driven by increasing industrial and commercial demand, particularly in developing economies. A compound annual growth rate (CAGR) of 6.28% from 2025 to 2033 indicates a significant expansion of the market over the forecast period. Key drivers include rising energy consumption across diverse sectors, growing adoption of propane as a cleaner-burning alternative fuel, and its versatility in applications ranging from heating and cooking to industrial processes like plastics manufacturing and agricultural drying. Expanding infrastructure and supportive government policies in several regions also contribute to market growth. However, price volatility linked to crude oil prices and the potential impact of stricter environmental regulations present challenges for market expansion. The market is segmented by end-user (industrial, commercial, residential, others), grade type (HD-5 propane, HD-10 propane, commercial propane), and type (gas, liquid). Major players like Air Liquide SA, BP Plc, and Chevron Corp. are leveraging strategic partnerships, acquisitions, and technological advancements to maintain a strong market position and meet escalating demand. The competitive landscape is dynamic, with companies focusing on optimizing supply chains, enhancing product offerings, and expanding into new geographical markets to capture market share. Residential propane use shows significant growth potential, fueled by the increasing preference for reliable and cost-effective heating solutions, especially in regions with limited access to natural gas networks. The market’s growth trajectory will be significantly influenced by global economic conditions, energy policies, and technological advancements in propane handling and storage. The industrial sector's consumption is expected to remain a substantial growth engine, driven by the expanding manufacturing and processing industries. Growth in developing nations, particularly in Asia and Africa, is likely to be considerably higher than in mature markets, owing to their rapidly growing economies and infrastructure development. While price fluctuations and regulatory changes pose risks, the inherent advantages of propane – its ease of storage, transportation, and efficient combustion – will continue to sustain market growth throughout the forecast period, attracting significant investment in the upstream and downstream sectors of the propane supply chain. The segmentation of the market offers various opportunities for niche players to cater to the specific requirements of different user segments and applications.

Have timely access to reliable Propane price assessments in China:

• Propane, import spot price, cfr, China

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for China and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Rack Prices - Heating Fuel Prices by date

In 2021, the refinery net production of propane in the United States was 278 thousand barrels per day, up by over five percent from the previous year. During the period in consideration, figures decreased by 13 thousand barrels daily, and peaked at 307 thousand barrels per day in 2016 and 2017.

Canada Avg Price: Auto Propane: Retail incl Taxes: Volume Weighted data was reported at 0.890 CAD/l in Jul 2018. This records an increase from the previous number of 0.887 CAD/l for Jun 2018. Canada Avg Price: Auto Propane: Retail incl Taxes: Volume Weighted data is updated monthly, averaging 0.550 CAD/l from Jan 1991 (Median) to Jul 2018, with 331 observations. The data reached an all-time high of 1.056 CAD/l in Feb 2014 and a record low of 0.240 CAD/l in Feb 1992. Canada Avg Price: Auto Propane: Retail incl Taxes: Volume Weighted data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Global Database’s Canada – Table CA.P006: Average Price: Automotive Natural Gas and Propane.

Have timely access to reliable Propane price assessments in Indonesia:

• Propane, import spot price, cif, Indonesia

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Indonesia and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

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 nyserda.ny.gov or follow us on Twitter, Facebook, YouTube, or Instagram.

Suburban Propane Partners reported $147.16M in Cost of Sales for its fiscal quarter ending in December of 2024. Data for Suburban Propane Partners | SPH - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Commercial Grade: Propane used in commercial applications, such as heating, cooking, and industrial processes, accounts for a major market share, catering to businesses and industries. Residential Grade: Propane used for residential heating and cooking purposes plays a significant role in the market, fulfilling the needs of households. Automotive Grade: Propane utilization as an alternative fuel in vehicles is gaining traction due to its cost-effectiveness and reduced emissions, driving demand in the automotive market. Recent developments include: In March 2021, Ferus Natural Gas Fuels and Bluon Energy announced their partnership to develop propane-powered air conditioning systems for commercial and industrial buildings., In February 2021, Generac Power Systems launched a new line of propane-powered generators for residential and commercial customers., In January 2021, Superior Plus Corp. completed its acquisition of Diversified Energy, a propane retailer serving customers in the southeastern United States., In December 2020, Partners LP and DCC LPG announced a partnership to acquire and operate propane terminals and related assets in the United States., In November 2020, Clean Energy Fuels Corp. announced a collaboration with Total S.A. to develop and deploy natural gas and renewable natural gas (RNG) fueling infrastructure in the United States.. Notable trends are: Weather conditions such as cold temperatures and snowfall driving the market growth.