Propane spot prices at the Mont Belvieu distribution hub in Texas bottomed below the $1.1-per-gallon mark, down more than 30% from their March peak amid soaring domestic inventories, while declining crude prices added further pressure on the market. Meanwhile, US propane exports continued to increase due to robust global demand, particularly from Europe, amid a shift in energy supply following Russia’s invasion of Ukraine. Still, the big picture is that the highly seasonal propane market will enjoy some upside momentum when inventories start to draw down to meet winter demand.

Historically, Propane reached an all time high of 1.67 in February of 2014. Propane - data, forecasts, historical chart - was last updated on September of 2022.

Propane is expected to trade at 1.07 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.

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Price Day Month Year
Crude Oil 78.74 -4.750 -5.69% -16.59% 6.43%
Brent 86.71 -3.750 -4.15% -13.58% 11.04%
Natural gas 6.84 -0.2531 -3.57% -26.73% 32.99%
Gasoline 2.40 -0.1167 -4.64% -9.37% 9.67%
Heating Oil 3.24 -0.1744 -5.11% -18.36% 42.79%
Ethanol 2.44 -0.0150 -0.61% -4.88% 1.46%
Naphtha 624.75 -6.08 -0.96% -5.66% -7.76%
Propane 0.99 -0.02 -1.64% -9.21% -22.07%
Uranium 49.65 -0.5000 -1.00% 0.71% 12.08%
Methanol 2,711.00 -13.00 -0.48% 9.23% -14.18%

Mont Belvieu Propane is a gas that can be compressed to a liquid. It is listed as a clean fuel on the 1990 Clean Air Act and has numerous applications. The contract size is 42,000 gallons and takes its name from the city of Mont Belvieu,TX due to it's massive gas storage facility.The Propane prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
0.99 1.01 1.67 0.26 2009 - 2022 USD/GAL Daily