New Mexico Propane Prices (May 2024)

What is the cheapest month to buy propane gas in New Mexico?

The cheapest month to buy propane gas in New Mexico is typically during the summer months. This is because demand for propane tends to be lower due to people using other types of climate control at this time such as air conditioning, electric heaters and wood-burning stoves. Furthermore, competition between suppliers also drives prices down since most try to offer competitive pricing throughout the season. To get an even better price on your purchase it's a good idea to shop around and compare prices from different suppliers.

What is the difference between an above ground and below ground propane tank?

Both underground propane tanks and above-ground propane tanks have pros and cons that you should research. An above ground propane tank is typically located outside of a home or business and is visible. These tanks require more maintenance than below ground tanks, as they are subject to weathering over time. Below ground propane tanks are completely underground, making them less prone to potential damage from the elements such as extreme temperatures and moisture. They also take up significantly less space compared with an above-ground tank but can be difficult for technicians to access in the case of repairs or maintenance needs.

What is the cost of a 250 gallon propane gas tank in New Mexico?

The cost of a 250 gallon propane gas tank in New Mexico varies depending on the supplier and type of installation. The cost to fill a 250 gallon propane tank is approximately $600. Generally, you can expect to pay between $800-$1,000 for the tank itself without any additional charges or delivery fees. Depending on your location and specific needs, installation costs may range from approximately $200 to as much as several thousand dollars.

What is the average cost of propane gas in New Mexico?

The average cost of propane gas in New Mexico is around $3.12 per gallon. Prices can fluctuate depending on market conditions and the geographical location, so it's important to research prices near you before buying your next tank. Some suppliers may offer discounts for bulk orders or loyalty programs that could lower costs even further than those listed above.

Will propane gas get more expensive in New Mexico?

In the short-term, propane prices in New Mexico are forecasted to rise in the winter months of 2023-2024, but they still will be lower than winter 2022-2023. And it's unlikely prices will return to the highs of 2022. The cost of propane gas in New Mexico is subject to the same factors that influence the price of any fuel. These include supply and demand, seasonal fluctuations, world energy markets, taxes and more. As such, it could be difficult to predict whether or not propane gas will become more expensive in New Mexico without considering all these factors. In general though, if other sources of energy become more expensive or less accessible due to changes in policy or climate conditions, then this could cause an increase in the cost for everyone who uses propane as a form of heating fuel.

Is propane gas cheaper than natural gas in New Mexico?

Propane gas is generally cheaper than natural gas in New Mexico. Prices for propane tend to be lower due to the abundance of resources used to produce it, and because it tends to require less energy to transport from its source. Additionally, many homes in rural parts of the state prefer propane as their primary fuel source due to its affordability compared with other fuels. The price difference between propane and natural gas can vary depending on factors such as market demand or supply availability, so consumers should shop around for the best deal when deciding which fuel source they will use. Check out the differences between using natural gas versus propane and consider which fuel source makes sense for you.

How many pounds is a gallon of propane?

On average, one gallon of liquid propane weighs between 4.11 and 4.24 pounds, depending on temperature. By comparison, a gallon of water weighs around twice as much, at 8.33 pounds.

How many gallons of propane will a 100 lb tank hold?

A 100 lb propane tank, typically used for commercial applications and contractors for single appliances like temporary heating at a work site, holds an estimated 23 gallons of propane when full.

Why do propane tanks expire after 12 years?

Propane tanks get exposed to a lot of different environmental conditions that can lead to wear and tear. Over a span of 12 years, factors like moisture, fluctuating temperatures, and potential minor damage can cause problems. This can lead to the tank's metal corroding, weakening, or developing micro-fractures. As the tank's integrity gets compromised, there's an increased risk of gas leakage. Additionally, the safety mechanisms and valves within the tank can degrade or become outdated. By setting an expiration date, propane companies ensure that tanks are inspected, requalified, or replaced regularly, thereby reducing potential safety hazards. This periodic reassessment is essential for ensuring the secure containment of the highly flammable propane gas.

Does propane freeze?

Technically, propane does freeze. But the temperature that propane freezes at is so low that it will almost never happen due to weather or seasons. In fact, the coldest temperature ever recorded on Earth still isn’t cold enough to freeze propane. However, your propane system and equipment can certainly be impacted by cold, freezing temperatures.

Does propane go bad?

What makes propane superior to other fuels, such as gasoline or diesel, is that propane does not degrade or go bad. However, you do need to bear in mind that your propane system and equipment can definitely go bad. So, make sure to keep up on regular maintenance and service.