Since February, the price of propane has remained steady at roughly 54% the price of NYMEX crude. This is the highest the ratio has been since March 2022. Chilly conditions and lower storage number have kept propane strong relative to crude.
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- Analyst Insight
U.S. Monthly Propane to Crude Ratio - Chart Toppers
Propane to Crude ration up slightly to 55% the price of NYMEX.
- Analyst Insight
U.S. Monthly Propane to Crude Ratio - Chart Toppers
Highest propane to crude ratio since April 2022.
- Analyst Insight
U.S. Monthly Propane to Crude Ratio - Chart Toppers
Propane’s slipping—but not falling behind.
After peaking at 56% in April, the propane-to-crude ratio dropped to 45% in July. Still higher than last year.
