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Heat pumps (air source)

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Yep. Up to over $5/gallon, a nearly 3x increase from what I've historically been paying.

Electric prices are about $0.3/kWh which is pretty insane as well, but my current bill is still under $100.

It's hard to stomach the thought of paying $1500 to fill my propane tank when I've always paid around $500-700, especially when the heating season is so close to being over.
The "best value" Trane unit has a COP of about 2.64 an equivalent value model propane furnace would likely be 80% efficient.

For for $1 of electricity you'd get 30,000 BTUs of heat.

For propane you'd get about 73,000 BTUs per gallon, so the break over point is around $2.44 per gallon of propane.

Also if you are on time of day billing, the electricity in the winter and especially at night is likely cheaper, which is when the heat pump would be most active. While the propane is the same price regardless of use time.
 
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