Energy · PROP

Propane price

Propane currently trades at US$0.8400 per gallon (≈ €0.7144 · £0.6261) — close to the 12-month high. Over the past 12 months it has gained 12.00%, with the annual range running from US$0.6100 to US$0.9100. 24-hour movement is minimal (±0.00%).

US$0.8400 / gallon
≈ €0.7144 ≈ £0.6261 Unchanged 24h 77% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
Propane (PROP) price today US$0.8400 / gallon, ↑ +0.00% (24h)

Propane chart

Interactive chart and 30-day overview

7 days
▼ −1.18%
−US$0.0100
30 days
▲ +6.33%
+US$0.0500
1 year
▲ +12.00%
+US$0.0900
52-week range
US$0.6100 77% US$0.9100
Propane (PROP) 30-day price chart — USD, EUR, GBP

The Propane chart shows how the propane price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

How is propane priced?

Propane is priced per US gallon (1 gal = 3.785 litres / 0.0238 barrel) on the NYMEX and ICE. The gallon is the standard for US refined petroleum products including gasoline, heating oil and propane.

At US$0.8400 per gallon, one litre wholesales for about US$0.2219 and one barrel is equivalent to US$35.28. End-user prices at the pump include refining margin, distribution, excise duty and VAT.

What drives the price of propane?

The strongest seasonal driver of propane prices is US winter heating demand. In the north-eastern states and in rural areas not served by natural gas grids, propane is a major household fuel. A cold winter front can move the Mont Belvieu price sharply in a short period. The EIA (U.S. Energy Information Administration) weekly propane inventories report is one of the market’s most closely watched data releases. During the heating season, the pace of stock draws can shape prices for the following weeks.

Supply is shaped by propane’s nature as a by-product. Propane reaches the market from the NGL (natural gas liquids) stream during natural gas processing and from crude oil refining. Its output is therefore driven mainly by the level of natural gas and oil production, rather than by a stand-alone propane supply-demand balance. As US shale gas production expanded, NGL infrastructure around the Mont Belvieu hub — fractionation plants, storage sites, pipelines — and marine export-terminal capacity grew substantially.

The third driver is US LPG exports. The United States is the world’s largest exporter of propane and butane, with Asia (Japan, South Korea, India) and Europe among the main destination markets. The fourth factor is petrochemical demand. PDH (propane dehydrogenation) plants convert propane into propylene, a feedstock for polypropylene plastics. The expansion of Chinese PDH capacity supports Asian propane imports and, through that channel, the Mont Belvieu benchmark.

How to invest in propane

Retail investors rarely get direct access to the propane market. The NYMEX Mont Belvieu Propane futures contract is a large, institutional product. European retail investors usually obtain exposure through listed companies in the propane supply chain: midstream and NGL-processing companies such as Enterprise Products Partners — EPD and Targa Resources — TRGP, or household LPG distributors such as Suburban Propane — SPH and UGI Corp / AmeriGas — UGI. Some brokers also offer a limited range of energy-market CFDs. Two regulated brokers where EPD, TRGP, SPH and UGI shares are available are:

30-day price history

Chart and daily closing prices

Propane (PROP) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
22 May 2026 US$0.8400 €0.7144 £0.6261 ▼ −1.18%
21 May 2026 US$0.8500 €0.7229 £0.6335 ▼ −3.41%
18 May 2026 US$0.8800 €0.7484 £0.6559 ▲ +3.53%
15 May 2026 US$0.8500 €0.7229 £0.6335 ▼ −1.16%
14 May 2026 US$0.8600 €0.7314 £0.6410 ▼ −3.37%
13 May 2026 US$0.8900 €0.7569 £0.6633 ▲ +1.14%
12 May 2026 US$0.8800 €0.7484 £0.6559 ▲ +2.33%
10 May 2026 US$0.8600 €0.7314 £0.6410 ▼ −3.37%
6 May 2026 US$0.8900 €0.7569 £0.6633 ▼ −2.20%
5 May 2026 US$0.9100 €0.7739 £0.6782 ▲ +3.41%
2 May 2026 US$0.8800 €0.7484 £0.6559 ▲ +8.64%
1 May 2026 US$0.8100 €0.6889 £0.6037 ▼ −1.22%
30 Apr 2026 US$0.8200 €0.6974 £0.6111 ▲ +1.23%
25 Apr 2026 US$0.8100 €0.6889 £0.6037 ▲ +2.53%
21 Apr 2026 US$0.7900 €0.6719 £0.5888 ▲ +1.28%
20 Apr 2026 US$0.7800 €0.6634 £0.5813 —

Propane: frequently asked questions

Why is propane priced in gallons? +
The US energy market uses imperial units for historical reasons. The global reference price for propane is formed at the Mont Belvieu hub in Texas, and the NYMEX Mont Belvieu Propane futures contract is quoted in gallons (1 Gal = 3.78541 litres). LPG distributors then convert this into litres, kilograms or standard cylinder sizes used in local markets.
What are the litre and kilogram prices for propane if the gallon price is 0.85 dollars? +
The conversion is: 0.85 USD / 3.78541 litres ≈ 0.22 USD per litre at the Mont Belvieu wholesale level. Propane has a density of about 0.495 kg/L, so the hub price of one kilogram of propane is about 0.45 USD. One tonne of propane at the Mont Belvieu gate price is about 446 USD. Retail cylinder prices also include shipping, customs handling, distributor margins and local excise duties and VAT or sales tax.
What is the difference between propane, butane and LPG? +
LPG (Liquefied Petroleum Gas) is a broad term for a mixture of propane (C3H8) and butane (C4H10). The gases are stored under pressure as liquids in cylinders or tanks. Bottled LPG typically contains a mix of propane and butane. Winter grades usually have a higher propane share because propane remains gaseous at lower temperatures.
What is NGL and how is it linked to propane? +
NGL (Natural Gas Liquids) refers to liquid hydrocarbon fractions separated during natural gas processing: ethane, propane, butane, isobutane and natural gasoline. Propane is produced both when raw natural gas is processed and when crude oil is refined. It is therefore a by-product. Its supply depends on the level of natural gas and oil production, not on a separate propane supply-demand balance.
Why is the Mont Belvieu hub important for the US propane market? +
Mont Belvieu in Texas is the largest NGL (natural gas liquids) distribution centre in the United States. It is where flows of propane, butane and other NGL fractions from shale-gas processing plants and coastal refineries converge. Around the hub is a network of fractionation plants, underground storage caverns in salt formations and export terminals. Much of the propane exported to Asia and Europe leaves from this system.
How does a change in propane prices show up in bottled LPG prices? +
Only partly. The Mont Belvieu commodity price accounts for only a fraction of the final bottled LPG price. Shipping, customs handling, distributor margins, excise duties and local VAT or sales tax are also included. A large and sustained change in the Mont Belvieu price can feed through to retail cylinder prices with a delay of several months. A short-lived spot-market move may not be visible in consumer prices.
What does PDH mean and why has it become important for propane? +
PDH (Propane Dehydrogenation) is a petrochemical process that converts propane into propylene, a feedstock for polypropylene plastics. China’s chemicals industry has built significant PDH capacity, making China a major force in global propane imports. The utilisation rates and new investment plans of PDH plants affect the Mont Belvieu price through the channel of Asian export demand.
Shares or CFDs — how can I get propane exposure? +
For retail investors, the most common route is through listed shares. NGL-processing and midstream companies such as Enterprise Products Partners — EPD and Targa Resources — TRGP operate in the US propane transport and storage chain. Residential LPG distributors such as Suburban Propane — SPH and UGI Corp / AmeriGas are exposed to the supply side. Propane CFDs are available only on a limited broker range, and the NYMEX futures contract is institutional in size. The ETF range is also narrow. There is no widely available pure propane-tracking fund, so exposure is usually via broader energy or MLP ETFs.

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Data sources: CME Group — Mont Belvieu Propane Futures (NYMEX) · U.S. EIA — Weekly Propane Inventories · IEA — Liquefied Petroleum Gas (LPG) market reports · AAA — Daily National Gas Prices (US fuel reference)