The U.S. monthly propane-to-crude ratio for May 2025 sits at 51% of NYMEX crude, down 5 percentage points from April’s monthly average of 56%. This decline marks the first notable dip in the ratio after several months of steady gains.
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U.S. Monthly Natural Gasoline to Crude Ratio - Chart Toppers
July ’25 natural gasoline sits at 83% of NYMEX crude—up 1 pt from June and +3 pts YoY, yet down 6 pts from May’s 89%.
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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.
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U.S. Monthly Propane to Crude Ratio - Chart Toppers
U.S. propane-to-crude ratio fell to 44% in August, down from April’s peak of 56%. Despite the slide, it remains 2 percentage points above last year.
