No, that's about right. If you consider gasoline (e10) to be 1.0 Gasoline Equivalent then propane is about 0.76 Gasoline Equivalent. You'd need 1.52 gallons of propane to equal the BTU content of 1 gallon of gasoline. Motor gasoline, 1 gallon=120,214 Btu
Diesel fuel, 1 gallon=137,381 Btu...