The cost of a propane tank depends on three things: size, certification (ASME vs DOT), and condition (new vs used). Prices range from under $200 for a small portable DOT cylinder to $35,000+ for a large industrial storage bullet.
Below are current market prices based on our inventory at Propane Tank Traders.
Residential Propane Tank Prices (New)
| Tank Size | Type | Price Range |
|---|---|---|
| 120 gallon (420 lb) | ASME above ground | $740 – $1,050 |
| 250 gallon | ASME above ground | $865 – $1,000 |
| 320–330 gallon | ASME above ground | $1,100 – $1,150 |
| 500 gallon | ASME above/below ground | $1,283 – $2,420 |
| 1,000 gallon | ASME above/below ground | $1,758 – $5,300 |
| 1,500 gallon | ASME above/below ground | $2,600 – $2,950 |
| 2,000 gallon | ASME above ground | $3,700 – $4,500 |
Commercial & Industrial Tank Prices (New)
| Tank Size | Price Range |
|---|---|
| 2,500 gallon | $6,100 – $8,000 |
| 10,000 gallon | $13,300 – $16,000 |
| 18,000 gallon | $25,000 – $32,000 |
| 20,000 gallon | $19,420 – $25,000 |
| 30,000 gallon | $35,000+ |
Used Propane Tank Prices
Used and recertified propane tanks can cost 30–60% less than new tanks. At Propane Tank Traders, our used inventory includes:
- Used 120-gallon vertical tank — from $333
- Used 250-gallon tank — from $425
- Used 500-gallon tank — from $820
- Scrapped 1,000-gallon tank — from $950
All used tanks are inspected prior to listing. Scrapped tanks are sold for repurposing or scrap value and are clearly marked.
Small DOT Cylinder Prices
| Cylinder | Price Range |
|---|---|
| 24-gallon (100 lb) Manchester | $200 – $766 |
| 45.6-gallon (200 lb) | $650 – $1,400 |
| 57-gallon vertical | $285 |
What About Installation Costs?
The tank itself is only part of the cost. Budget for:
- Freight delivery: $350 flat rate (all 50 states) at Propane Tank Traders
- Above-ground installation: $300 – $800 by a licensed installer
- Underground installation: $1,000 – $2,500+ (includes excavation)
- Anode bag (underground only): $140
- Permit fees: varies by county, typically $50 – $200
Buy Direct and Save
Buying a propane tank directly — rather than renting from your propane supplier — saves thousands over 10 years. Most suppliers charge $100–$250/year in tank rental fees, and they often won’t fill a competitor’s tank.
Owning your tank gives you freedom to shop propane prices from any supplier in your area.