Current price
Below normalCurrent propane price
The current price of propane at the US wholesale benchmark (the Mont Belvieu, TX hub) is $1.203 per gallon as of Oct 27, 2026 (EIA daily spot), up 7.8 cents from the prior trading day. What homeowners pay runs higher: the US residential average was $2.730 per gallon in the survey week of Oct 26, 2026 (EIA heating-season survey).
Data through Oct 27, 2026 · source last checked Oct 31, 2026 · page revised Oct 29, 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
- Oct 27, 2026
- Update frequency
- Daily
The current price of propane at the US wholesale benchmark (the Mont Belvieu, TX hub) is $1.203 per gallon as of Oct 27, 2026 (EIA daily spot), up 7.8 cents from the prior trading day. A year ago it was $0.674/gal (+78.5% since).
Mont Belvieu propane rose to $1.203/gal on Oct 27, 2026, up 7.8 cents from the prior trading day. The spot stands 78.5% above last year's $0.674/gal and 61.5% above the 5-year median.
| Period | Current | Prior | Change |
|---|---|---|---|
| Week over week | $1.203/gal | $1.133/gal | +6.2% |
| vs 4 weeks ago | $1.203/gal | $0.894/gal | +34.6% |
| Year over year | $1.203/gal | $0.674/gal | +78.5% |
| vs 5-yr median | $1.203/gal | $0.745/gal | +61.5% |
Previous weeks
Week of Oct 20, 2026
Mont Belvieu propane traded at $1.133/gal on Oct 20, 2026, up 0.3 cents from the prior trading day. The price is 52.1% above the 5-year median and 95.0% above the year-ago level of $0.581/gal.
Week of Oct 14, 2026
Mont Belvieu propane hit $1.070/gal on Oct 14, 2026, up 3.2 cents from the prior trading day. The wholesale benchmark sits 75.4% above the year-ago price of $0.610/gal and 37.2% above the 5-year median.
Week of Oct 6, 2026
Mont Belvieu wholesale spot stands at $0.919 per gallon as of Oct 6, down 1.4 cents from the prior trading day. The price sits 38.6% above year-ago levels and 9.4% above the 5-year median.
Week of Sep 29, 2026
The Mont Belvieu spot price is $0.894/gal as of Sep 29, 2026, unchanged from the prior trading day. The benchmark is up 29.0% from a year ago.
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.
Retail follows the hub with a lag. Dealers price deliveries off inventory bought weeks earlier, so a move at Mont Belvieu reaches a home delivery bill gradually, in both directions. 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 $1.203 per gallon as of Oct 27, 2026 (EIA daily spot), up 7.8 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: the US residential average was $2.730 per gallon in the survey week of Oct 26, 2026 (EIA heating-season survey). 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?
Up. The Mont Belvieu spot price has risen 5 consecutive weeks, up 33.9 cents (+39.2%) since Sep 22, 2026. US propane inventories are 4.1% above their same-week 5-yr median (EIA weekly). The market is in heating season, when residential demand draws inventories down.
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.