In the tank, the propane is mostly liquid. At the top of the tank, above the liquid propane, is gaseous propane. When you open the valve, some of the propane gas is released, and some of the liquid vaporizes to maintain what physicists call the vapor pressure - the pressure at which liquid and gaseous propane are in equilibrium. As long as there is some liquid propane in the tank, this pressure remains the same (although it does vary with temperature, being higher when the temperature is warmer). Whether 95% full or 5% full, the pressure is the same.