Current propane prices per gallon

With the United States Energy Information Administration resuming its weekly heating oil and propane update in October 2013, it is easier to establish trends and have benchmarks for current propane prices. Remember that the propane price per gallon you are charged by your propane company might be different so get accurate quotes before signing a propane supply agreement. Still, this is a good indication as to the variations you can expect in current propane prices from propane companies.

Current propane prices per gallon are higher than they were last year

According to the US EIA, the average national current propane price is $2.76 per gallon (23 December 2013). Since the beginning of the 2013-2014 winter season, they have increased almost 17%. Furthermore, this does not compare well compared to last years’ propane price per gallon of $2.24 for the same period. Therefore, we can expect propane companies to charge proportionately higher propane prices per gallon over the 2013-2014 winter season than they did last year. However, current propane prices per gallon remain lower than they were at the start of the 2011-2012 winter season, which is reassuring.

Current propane prices per gallon compared to the beginning of the 2013-2014 winter season

Since the beginning of the current winter season, overall current propane prices have increased by almost 17% or $0.40 per gallon.

  • The greatest total increase in propane prices per gallon is currently in Indiana, where propane prices have gone up by 0.70 per gallon.
  • The greatest relative increase in propane prices per gallon is currently in North Dakota, where propane prices have increased by 40,5%.
  • The smallest total increase in propane prices per gallon is currently in North Carolina, where propane prices have increased $0.20 per gallon.
  • The smallest relative increase in propane prices per gallon is currently in North Carlina, where propane prices have increased 6.7%.

State

Propane price per gallon today (December 2013, $/gal)

Propane price per gallon at beginnning of winter season (October 2013, $/gal)

Variation ($/gal)

Variation (%)

US

2.76

2.36

0.40

16.95

Connecticut (CT)

3.32

2.96

0.36

12.30

Delaware (DE)

3.26

2.99

0.27

9.13

Indiana (IN)

2.76

2.06

0.70

34.03

Iowa (IA)

1.90

1.53

0.37

24.12

Kentucky (KY)

2.43

2.12

0.31

14.39

Maine (ME)

3.11

2.68

0.43

15.93

Maryland (MD)

3.51

3.16

0.35

11.14

Massachusetts (MA)

3.39

3.14

0.25

8.06

Michigan (MI)

2.46

2.06

0.40

19.42

Minnesota (MN)

2.19

1.68

0.51

30.42

Missouri (MO)

2.15

1.8

0.35

19.50

Nebraska (NE)

1.88

1.54

0.34

21.82

New Hampshire (NH)

3.28

3.03

0.25

8.15

New Jersey (NJ)

3.85

3.47

0.38

10.81

New York (NY)

3.38

2.86

0.52

18.18

North Carolina (NC)

3.14

2.94

0.20

6.70

North Dakota (ND)

2.19

1.56

0.63

40.51

Ohio (OH)

2.81

2.34

0.47

19.96

Pennsylvania (PA)

3.29

2.93

0.36

12.25

Rhode Island (RI)

3.90

3.55

0.35

9.80

South Dakota (SD)

2.01

1.58

0.43

27.47

Vermont (VT)

3.66

3.23

0.43

13.34

Virginia (VA)

3.35

3.07

0.28

8.99

Wisconsin (WI)

2.11

1.68

0.43

25.71

Souce: EIA.

This is what the difference in current propane prices translate into when filling a 500-gallon propane tank to 80% capacity, presuming that the propane tank is at 20% upon delivery (a 300-gallon purchase, there).

State

300 gallons today ($)

300 gallons at beginning of winter season ($)

Difference ($)

Difference (%)

US

813.60

707.40

106.20

15.01

Connecticut (CT)

978.00

888.30

89.70

10.10

Delaware (DE)

962.70

895.50

67.20

7.50

Indiana (IN)

798.60

617.10

181.50

29.41

Iowa (IA)

563.10

458.10

105.00

22.92

Kentucky (KY)

712.80

635.70

77.10

12.13

Maine (ME)

899.10

803.40

95.70

11.91

Maryland (MD)

1,051.50

949.20

102.30

10.78

Massachusetts (MA)

1,010.40

941.10

69.30

7.36

Michigan (MI)

707.70

618.60

89.10

14.40

Minnesota (MN)

639.00

502.50

136.50

27.16

Missouri (MO)

637.80

538.80

99.00

18.37

Nebraska (NE)

553.20

462.00

91.20

19.74

New Hampshire (NH)

976.80

908.10

68.70

7.57

New Jersey (NJ)

1,155.90

1,042.20

113.70

10.91

New York (NY)

1,000.50

859.20

141.30

16.45

North Carolina (NC)

934.80

881.10

53.70

6.09

North Dakota (ND)

625.20

468.90

156.30

33.33

Ohio (OH)

826.20

703.20

123.00

17.49

Pennsylvania (PA)

982.20

879.30

102.90

11.70

Rhode Island (RI)

1,149.30

1,064.10

85.20

8.01

South Dakota (SD)

586.50

474.60

111.90

23.58

Vermont (VT)

1,077.00

968.10

108.90

11.25

Virginia (VA)

1,005.30

920.40

84.90

9.22

Wisconsin (WI)

607.50

502.50

105.00

20.90

 

Current propane prices for filling a propane tank this week compared to last week

The table below should help you monitor current propane prices from one week to the next and get an idea of how much a 500-gallon propane tank would cost to fill.

  • This week, current propane prices are highest in Rhode Island ($1,169 to fill a propane tank), lowest in Nebraska ($562 to fill a propane tank).
  • Compared to last week, current propane prices have increased most in North Dakota (+6.18%) and Maine (+$33) and least in New Jersey (-0.21%/$2.40).

State

Filling a propane tank this week

Filling a propane tank last week

Variation ($)

Variation (%)

US

828.00

813.60

14.40

1.77

Connecticut (CT)

997.20

978.00

19.20

1.96

Delaware (DE)

978.90

962.70

16.20

1.68

Indiana (IN)

828.30

798.60

29.70

3.72

Iowa (IA)

569.70

563.10

6.60

1.17

Kentucky (KY)

727.50

712.80

14.70

2.06

Maine (ME)

932.10

899.10

33.00

3.67

Maryland (MD)

1,053.60

1,051.50

2.10

0.20

Massachusetts (MA)

1,017.90

1,010.40

7.50

0.74

Michigan (MI)

738.00

707.70

30.30

4.28

Minnesota (MN)

657.30

639.00

18.30

2.86

Missouri (MO)

645.30

637.80

7.50

1.18

Nebraska (NE)

562.80

553.20

9.60

1.74

New Hampshire (NH)

983.10

976.80

6.30

0.64

New Jersey (NJ)

1,153.50

1,155.90

-2.40

-0.21

New York (NY)

1,014.00

1,000.50

13.50

1.35

North Carolina (NC)

941.10

934.80

6.30

0.67

North Dakota (ND)

657.60

625.20

32.40

5.18

Ohio (OH)

842.10

826.20

15.90

1.92

Pennsylvania (PA)

986.70

982.20

4.50

0.46

Rhode Island (RI)

1,169.40

1,149.30

20.10

1.75

South Dakota (SD)

604.20

586.50

17.70

3.02

Vermont (VT)

1,098.30

1,077.00

21.30

1.98

Virginia (VA)

1,003.80

981.90

21.90

2.23

Wisconsin (WI)

633.60

607.50

26.10

4.30

Propane price source: US Energy Information Administration

Analysis of current propane prices trends per gallon

US EIA data does not cover all states but here are some rough trends on current propane prices per gallon compared to the same period last year:

  • On the whole, US current propane prices per gallon are 18.76% more expensive than they were last year.
  • Most expensive current propane price: Rhode Island has the most expensive propane price at an average of $3.898 per gallon.
  • Highest variation between current and former propane prices: North Dakota’s current propane price is 48.91% more expensive now than it was over the same period in 2012.
  • Cheapest current propane price: Nebraska currently has the lowest average propane price at an average of $1.876 per gallon.
  • Lowest variation between current and former propane prices: in New Hampshire, the current propane price is 4.86% lower than it was over the same period in 2012.

Here are the detailed data:

State

Propane price per gallon today (December 2013, $/gal)

Propane price per gallon last year (December 2012, $/gal)

Variation ($/gal)

Variation (%)

US

3.32

2.80

0.525

18.76

Connecticut (CT)

3.324

2.799

0.525

18.76

Delaware (DE)

3.263

3.065

0.198

6.46

Indiana (IN)

2.761

1.899

0.862

45.39

Iowa (IA)

1.899

1.405

0.494

35.16

Kentucky (KY)

2.425

2.095

0.33

15.75

Maine (ME)

3.107

2.703

0.404

14.95

Maryland (MD)

3.512

3.145

0.367

11.67

Massachusetts (MA)

3.393

3.128

0.265

8.47

Michigan (MI)

2.46

2.015

0.445

22.08

Minnesota (MN)

2.191

1.573

0.618

39.29

Missouri (MO)

2.151

1.654

0.497

30.05

Nebraska (NE)

1.876

1.324

0.552

41.69

New Hampshire (NH)

3.277

3.125

0.152

4.86

New Jersey (NJ)

3.845

3.296

0.549

16.66

New York (NY)

3.38

2.852

0.528

18.51

North Carolina (NC)

3.137

2.708

0.429

15.84

North Dakota (ND)

2.192

1.472

0.72

48.91

Ohio (OH)

2.807

2.245

0.562

25.03

Pennsylvania (PA)

3.289

2.872

0.417

14.52

Rhode Island (RI)

3.898

3.368

0.53

15.74

South Dakota (SD)

2.014

1.427

0.587

41.14

Vermont (VT)

3.661

3.254

0.407

12.51

Virginia (VA)

3.346

2.869

0.477

16.63

Wisconsin (WI)

2.112

1.517

0.595

39.22

Pricing data from the US Energy Information Administration

Impact of current propane prices per gallon on filling a propane tank

Imagine your propane price per gallon was on par with state averages established by the US EIA:

  • Well, if your home is in Nebraska, filling a 500-gallon propane tank (300 gallons if you are at 20% capacity and fill it to 80%) will cost you $562 at current average propane prices per gallon, compared to $397 last year. That is $165 more expensive.
  • Ohio is more representative of national trends and the same amount of propane will cost you $842 at current propane prices, while you would have paid $673 last year, so over $168 difference.

Here is the current propane prices per gallon comparison per state when filling a 500-gallon propane tank to give you a better idea:

State

300 gallons today ($)

300 gallons last year ($)

Difference ($)

US

997.20

839.70

157.50

Connecticut (CT)

997.20

839.70

157.50

Delaware (DE)

978.90

919.50

59.40

Indiana (IN)

828.30

569.70

258.60

Iowa (IA)

569.70

421.50

148.20

Kentucky (KY)

727.50

628.50

99.00

Maine (ME)

932.10

810.90

121.20

Maryland (MD)

1,053.60

943.50

110.10

Massachusetts (MA)

1,017.90

938.40

79.50

Michigan (MI)

738.00

604.50

133.50

Minnesota (MN)

657.30

471.90

185.40

Missouri (MO)

645.30

496.20

149.10

Nebraska (NE)

562.80

397.20

165.60

New Hampshire (NH)

983.10

937.50

45.60

New Jersey (NJ)

1,153.50

988.80

164.70

New York (NY)

1,014.00

855.60

158.40

North Carolina (NC)

941.10

812.40

128.70

North Dakota (ND)

657.60

441.60

216.00

Ohio (OH)

842.10

673.50

168.60

Pennsylvania (PA)

986.70

861.60

125.10

Rhode Island (RI)

1,169.40

1,010.40

159.00

South Dakota (SD)

604.20

428.10

176.10

Vermont (VT)

1,098.30

976.20

122.10

Virginia (VA)

1,003.80

860.70

143.10

Wisconsin (WI)

633.60

455.10

178.50