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Propane prices in Indiana this week

$2.56per gallon
15% above a year ago
3% above the five-year average

EIA residential average for the week of October 19, 2026, published weekly, October through March.

2.022.262.512.753.00202120222023202420252026

Five-year price history, EIA. Dashed line is the five-year average.

What this price means for your bill

At $2.56 per gallon, a 300-gallon fill (80% of a 500-gallon tank from a quarter full) costs about $768. Burned in a propane furnace or boiler running at 90% efficiency, that is $31.09 per million BTU of heat delivered into the house, which is the number to use when comparing against anything else.

The price is within about 10% of its five-year average, which is as close to normal as propane gets. Topping off on your usual schedule is reasonable; there's no strong signal either way. Compared with the same week last year it is 15% higher. We don't forecast prices. What we can tell you is where this week sits against history, and how the fuel compares with the alternatives at today's numbers.

How propane compares in Indiana right now

Cost per million BTU delivered, at this week's Indiana prices and typical equipment efficiencies. The cheapest option is natural gas at $11.53, if a gas main runs past your house.

Pellet, cordwood and kerosene prices are national averages; everything else is the Indiana figure. Change any price or efficiency in the calculator.

Shopping for propane? Dealer prices in the same town routinely differ by 30 to 60 cents a gallon, and the state average above is just that, an average. Get two or three quotes before you fill.

Thinking about switching? Run your own numbers in the calculator, or see how a heat pump compares on the propane comparison page.

Propane prices in other states