| Propane To Crude Ratio |
0.42
0.01
|
|---|---|
| Last updated: October 6, 2026 05:52 | |
Propane to Crude Ratio
The propane-to-crude ratio is the non-TET propane price divided by the price of WTI crude oil. This ratio indicates the relative strength Gulf Coast propane as compared to front month futures WTI Crude oil in Cushing. A low ratio indicates that propane is cheaper than crude oil, which is usually due to lower weather-related demand, high inventories and propane export market constraints. A high ratio is usually due to cold weather in the primary propane demand months but can also be attributable to various other physical and financial disruptions.
Related Articles
Cracking the Code – What 2026’s Record Crack Spreads Tell Us About Refining Economics
Crude oil may get the headlines, but the fuels made from it have delivered some of the market’s biggest surprises of 2026. With supply disruptions, strained trade flows and compliance costs all shaping this year’s numbers, let’s look at what goes into a crack spread and what we can learn from it.
U.S. Rig Count Down One to 598; Gas Rigs Pull Back From Last Week's High
U.S. oil and gas rig count fell by one rig to 598 for the week ending October 2 according to Baker Hughes data, as declines in the Eagle Ford (-2) and Haynesville (-1) outweighed gains in Gulf of Mexico (+1) and the Niobrara (+1).
Leap of Faith – Potential Plans to Limit U.S. Diesel Exports Come With Plenty of Downside Risk
A series of disruptions to global refining capacity and refined-product flows has raised the prospect of a ban on U.S. diesel exports as a way to keep prices in check. Today, we look at where things stand and how a U.S. export ban could result in a number of major unintended and negative consequences.
U.S. Rig Count Up Four to 599; Gas Rigs Climb to Highest Level Since July 2023
U.S. oil and gas rig count gained four rigs to 599 for the week ending September 25 according to Baker Hughes data, as gains in Anadarko (+1), Gulf of Mexico (+1), Permian (+1) and All Other (+2) eclipsed a one-rig decline in the Eagle Ford.
A Matter of Trust – Variations in Crude Oil Quality Make On-Spec Delivery Critical for Global Refiners
Two vehicles may look identical from the outside, but what’s under the hood can make all the difference. Today, we look at how the same principle applies to crude oil, as barrels that meet the same basic specifications can still behave very differently once they reach a refinery.
