The Pros and Cons of Purchasing a Propane Tank You can secure the least expensive fuel if you shop around in an area with options. But purchasing your own propane tank comes with all the trappings of ownership. Youre on the hook for maintenance and repairs, which can be significant over the lifespan of a tank.

What are the pros and cons of owning your own propane tank?

The Pros and Cons of Owning a Propane Gas TankPro: Access to Competitive Rates. Con: The Upfront Cost of Buying a Tank. Pro: Option of Burying a Tank. Con: Hassle with Moving. Pro: You Choose the Tank Size. Con: Youre Liable for It. Choose the Gas Tank Purchase That Fits Your Needs.Nov 27, 2019

Is it better to buy a propane tank or exchange?

The decision about propane tank exchange vs refill is less about what is the better option, and more a matter of convenience vs price. So, is it cheaper to exchange a propane tank or refill it? The short answer is refilling is cheaper.

Does brand of propane tank matter?

The only requirement is a dual valve. Dual means inside and outside threads. Brand does not matter.

How long will 500 gallon propane tank last?

Because of this, its difficult to come up with the exact lifespan of 500 gallons of propane. That said, most 500-gallon tanks can keep the average home running for a month to a few months depending on the time of year and use.

Can you fill your own propane tank?

Depending on the type of propane tank you have, you may be able to fill it on your own when its empty from a larger supply tank. Before you fill your propane tank, be sure to check that the tank is in good condition and that filling it yourself is legal in your area.

Can you exchange any propane tank at Walmart?

In order to exchange an empty propane tank purchased from Walmart, simply take yours into any Walmart store that sells propane tanks. Due to federal restrictions, you cannot complete a propane tank exchange through the Walmart website. This is because propane tanks cannot be returned by standard mail.

How much does a 20 lb propane tank cost?

A 20 lb propane tank will cost approximately $14-$20 to fill. The rate you pay depends on the refill cost, usually $3- $4 per gallon. Since a 20 lb tank holds about 4.7 gallons of propane, multiply the cost of propane per gallon by 4.7. For example, $3 X 4.7 = $14.10.