I think it depends a lot on the size of the tractor in question. The last couple years I have used a two 720 John Deeres to put up hay. One is an LP gas and the other a Diesel. The neighbor 2 miles away runs a 720 gas for the same work. With diesel last summer around $3.50 a gallon, Gas closer to $4.00, and LP at around $1.60 a gallon, The diesel and LP gas tractors were very close on operation cost per hour. The gas was almost double of that. The Diesel used about 1.5 gallon per hour, coming in at 5.25 dollars per hour, the LP used about 3 gallons per hour coming it at 4.80 dollars per hour, and the gas used around 2 gallons per hour, coming in at 8.00 dollars per hour. Todays fuel prices make it a much more competitive game however. Using today's prices of 2.00 for gas, 2.25 for diesel, and 1.25 for LP, you come out with 4.00 per hour with the gas, 3.37 per hour with the diesel, and 3.75 for the LP. This was all doing light work like mowing and raking and I am sure that the closer you get to full load, the more the advantage will favor the diesel. I hope this is helps!
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