Current price
Above normalCurrent propane price
The current price of propane at the US wholesale benchmark (the Mont Belvieu, TX hub) is $0.685 per gallon as of Aug 25, 2026 (EIA daily spot), down 0.8 cents from the prior trading day. What homeowners pay runs higher, and EIA surveys it only October through March: the residential US average last read $2.674 per gallon in the survey week of Mar 30, 2026.
Data through Aug 25, 2026 · source last checked Aug 26, 2026 · page revised Aug 26, 2026
Cite
- Spot
About this data
- Source
- EIA daily spot price
- Series
- Mont Belvieu propane spot price
- Basis
- FOB Mont Belvieu, wholesale
- Geography
- Mont Belvieu, TX
- Unit
- $/gal
- Calculation
- Daily (business days)
- Last observation
- Aug 25, 2026
- Update frequency
- Daily
The current price of propane at the US wholesale benchmark (the Mont Belvieu, TX hub) is $0.685 per gallon as of Aug 25, 2026 (EIA daily spot), down 0.8 cents from the prior trading day. A year ago it was $0.678/gal (+1.0% since).
Mont Belvieu propane spot was $0.685 per gallon as of August 25, down 0.8 cents from the prior trading day. The benchmark sits 11.6 percent below its 5-year median and is up 1.0 percent from $0.678 per gallon a year ago.
| Period | Current | Prior | Change |
|---|---|---|---|
| Week over week | $0.685/gal | $0.723/gal | -5.3% |
| vs 4 weeks ago | $0.685/gal | $0.678/gal | +1.0% |
| Year over year | $0.685/gal | $0.678/gal | +1.0% |
| vs 5-yr median | $0.685/gal | $0.775/gal | -11.6% |
Previous weeks
An earlier week
Mont Belvieu propane closed at $0.723 per gallon on Aug 18, up 2.5 cents from the prior session. The spot is 11.4% above year-ago levels. The residential US average last read $2.674 per gallon in the survey week of Mar 30, 2026.
Week of Aug 19, 2026
Mont Belvieu propane spot settled at $0.723/gal for the week ended August 14, per EIA data. The price is up 7.4% on the week and remains 4% below the 5-year median. The EIA weekly residential price survey runs October through March; state-level retail prices are not reported during build season.
What moves the price of propane
The number on this page is the Mont Belvieu spot price, the Texas hub quote every US propane price keys off. It moves first with crude oil and the other natural gas liquids it trades alongside, because propane supply is a byproduct of oil and gas production rather than a response to propane demand.
Inventories set the cushion. Propane is made at a steady rate all year but burned mostly in winter, so US stocks build April through September and draw down through the heating season; where they sit against their five-year band is the best public read on how tight the market is.
Exports and weather pull from opposite ends. The US ships more propane overseas than any other country, so export cargoes bid for the same Gulf Coast barrels a dealer's supply comes from, while a cold snap spikes heating demand and speeds the draw.
For the full structural treatment, Why are propane prices rising right now? and its falling twin cover the drivers in both directions, and the US residential price page carries the heating-season survey of what homes actually pay.
Common questions
What is the price of propane today?
The current price of propane at the US wholesale benchmark (the Mont Belvieu, TX hub) is $0.685 per gallon as of Aug 25, 2026 (EIA daily spot), down 0.8 cents from the prior trading day. That is the bulk hub price the whole US market keys off, not a home-delivery price. What homeowners pay runs higher, and EIA surveys it only October through March: the residential US average last read $2.674 per gallon in the survey week of Mar 30, 2026. See the US residential price page and the state pages for the delivered layer.
Is the price of propane going up or down right now?
Propane prices at the wholesale benchmark are rising right now. Why are propane prices rising right now? has the current story.
Why is my home delivery price much higher than this number?
This is the wholesale price at the Mont Belvieu hub. A delivered residential gallon adds pipeline and terminal freight to your region, the dealer's storage and trucking costs, the dealer's margin, and seasonal demand, and small-volume tanks typically pay more per gallon than large ones. The US residential price page tracks what homes actually pay in EIA's October-March survey.
Where does this propane price data come from?
The headline figure is the US Energy Information Administration's daily Mont Belvieu, TX propane spot price (FOB, business days). The residential figures come from EIA's State Heating Oil and Propane Program survey, published weekly October through March. The methodology page has the full sourcing.
When is propane cheapest?
There is a seasonal shape rather than a rule: inventories are rebuilt April through September when heating demand is at its floor, and the market typically firms once the October-March heating season draws stocks down, with crude oil and export demand able to override the calendar in either direction in any given year. This site reports the pattern; it does not advise on when to buy.