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Propane prices in Indiana

$2.62per gallon

Average residential price, week of October 26, 2026. Updated weekly by EIA from a survey of Indiana dealers.

How the price moved

Since last week
up+5.8¢ (+2.3%)
Since a year ago
up+39¢ (+17.6%)
Since the season’s first survey (Oct 5, 2026)
up+16¢ (+6.3%)
Midwest average
$2.20
U.S. average
$2.73

16th cheapest of the 38 states EIA surveys this week.

Is this a high price for Indiana?

Indiana propane is the most expensive it has been at this point in the season in at least 10 years: +6.7¢ above the previous high, set in 2021–22.

Up 39¢ (+17.6%) from a year ago, when it was $2.23.

Price in the same week of each of the last 10 seasons. Dot: this week.

Propane delivery, Elliot Street, Brattleboro, Vermont, October 2025
Propane delivery, Elliot Street, Brattleboro, Vermont, October 2025
Indiana propane this season against the last ten
  • This season (2026–27)
  • Last season (2025–26)
  • Range of the 10 seasons before
$1.25 $1.50 $1.75 $2.00 $2.25 $2.50 $2.75 $3.00 OctNovDecJanFebMar $2.62
Show the numbers
WeekThis seasonSame week last season
Oct 5, 2026$2.462$2.181
Oct 12, 2026$2.490$2.185
Oct 19, 2026$2.559$2.217
Oct 26, 2026$2.617$2.225

Cost to fill a propane tank in Indiana

A 500-gallon tank refilled from 20% to 80% takes about 300 gallons: $785 at this week’s average.

Propane tanks are filled to 80% of their size to leave room for the liquid to expand. Gauges read percent of the full size.

$785

for 300 gallons at $2.62 a gallon in Indiana.

  • At last year’s price ($2.23): $668
  • At the Midwest average ($2.20): $660
Cost to fill from 20% to 80% at $2.62 a gallon
TankGallons deliveredCost
120 gal72$188
250 gal150$393
330 gal198$518
500 gal300$785
1000 gal600$1,570

Cheapest way to heat in Indiana

Cost of one million Btu of heat delivered into the house, after furnace or heat pump efficiency.

  1. Natural gas $11.58 per million Btu

    $10.80/Mcf · 90% efficient · Indiana residential, last winter

  2. Heat pump $19.98 per million Btu

    17.0¢/kWh · COP 2.5 · Indiana residential, year to date

  3. Propane $33.67 per million Btu

    $2.62/gal · 85% efficient · Indiana weekly survey

  4. Electric resistance $49.94 per million Btu

    17.0¢/kWh · 100% efficient · Indiana residential, year to date

  5. Heating oil $55.23 per million Btu

    $6.50/gal · 85% efficient · Indiana weekly survey

Right now natural gas is the cheapest heat here. Full winter cost comparison for Indiana

When propane is cheapest

In 10 of the last 10 heating seasons, October was the cheapest month for propane in Indiana. The median season ran 23.2% above October by February.

  1. base Oct 10/10
  2. +4.2% Nov 0/10
  3. +8.4% Dec 0/10
  4. +15.5% Jan 0/10
  5. +23.2% Feb 0/10
  6. +15.1% Mar 0/10

Top: median price compared with October across the last 10 complete seasons. Bottom: in how many of those seasons that month had the lowest average price.

Reading the pattern

This is what happened in past winters, not a forecast. Cold snaps, supply problems and crude oil prices can move any single season against the pattern, and propane also follows crop-drying demand in the fall and export markets.

Many dealers offer pre-buy or capped-price contracts in late summer. Whether they pay off depends on the winter that follows; the season chart above shows how far prices have moved in past years.

Every heating season since 1996–97
  1. $1.16 1996–97
  2. $0.89 1997–98
  3. $0.81 1998–99
  4. $1.00 1999–00
  5. $1.32 2000–01
  6. $1.00 2001–02
  7. $1.19 2002–03
  8. $1.24 2003–04
  9. $1.61 2004–05
  10. $1.94 2005–06
  11. $1.89 2006–07
  12. $2.39 2007–08
  13. $2.29 2008–09
  14. $2.17 2009–10
  15. $2.44 2010–11
  16. $2.61 2011–12
  17. $1.91 2012–13
  18. $2.85 2013–14
  19. $2.06 2014–15
  20. $1.65 2015–16
  21. $1.99 2016–17
  22. $2.25 2017–18
  23. $2.05 2018–19
  24. $1.79 2019–20
  25. $1.93 2020–21
  26. $2.66 2021–22
  27. $2.58 2022–23
  28. $2.37 2023–24
  29. $2.38 2024–25
  30. $2.47 2025–26

Season average of the weekly survey prices, October–March, in dollars of the day (not adjusted for inflation).

Propane across the survey

  1. North Dakota $1.75
  2. Iowa $1.75
  3. Nebraska $1.83
  4. Illinois $1.95
  5. South Dakota $1.95
  6. Wisconsin $2.01
  7. Minnesota $2.05
  8. Kansas $2.10
  9. Montana $2.18
  10. Missouri $2.23
  11. Colorado $2.37
  12. Oklahoma $2.38
  13. Michigan $2.46
  14. Utah $2.47
  15. Arkansas $2.48
  16. Indiana $2.62
  17. Idaho $2.69
  18. Ohio $2.70
  19. Kentucky $2.84
  20. Mississippi $3.15
  21. Texas $3.18
  22. Pennsylvania $3.21
  23. Tennessee $3.28
  24. Georgia $3.28
  25. Alabama $3.63
  26. North Carolina $3.64
  27. Maine $3.68
  28. Massachusetts $3.72
  29. New York $3.79
  30. Virginia $3.80
  31. Delaware $3.81
  32. Maryland $3.86
  33. New Hampshire $3.90
  34. Vermont $3.93
  35. New Jersey $4.10
  36. Rhode Island $4.12
  37. Connecticut $4.32
  38. Florida $4.97

Indiana propane questions

A residential propane tank
A residential propane tank
What is the price of propane in Indiana right now?

The average residential price was $2.617 a gallon the week of October 26, 2026, from EIA’s weekly survey. That is +5.8¢ from the week before. Prices from individual dealers vary, and many charge less for larger deliveries or cash payment.

How much does it cost to fill a 500-gallon tank in Indiana?

About $785 for 300 gallons at this week’s average, filling from 20% to the 80% safe maximum. Use the calculator above for your own gauge reading.

Is propane cheaper than heating oil in Indiana?

Per unit of heat, propane is cheaper this week: $33.67 versus $55.23 per million Btu delivered, assuming 85% efficient equipment for both. Comparing price per gallon alone is misleading because a gallon of heating oil holds about 51% more heat than a gallon of propane.

When is the best time to buy propane in Indiana?

In 10 of the last 10 heating seasons, October was the cheapest month for propane in Indiana. The median season ran 23.2% above October by February. Off-season fills (late spring and summer) are not in EIA’s weekly survey, so they cannot be compared here.

Where does this price come from?

From the U.S. Energy Information Administration’s State Heating Oil and Propane Program, which surveys residential prices every Monday from October through March and publishes them on Wednesday. See methodology.

Source and update

U.S. Energy Information Administration, Heating Oil and Propane Update, series W_EPLLPA_PRS_SIN_DPG. Weekly data from Oct 1, 1990; 785 surveys on record. This page was rebuilt on November 4, 2026.

Prices include taxes and are averages of dealer quotes for residential delivery. Nominal dollars. EIA data page · All sources