Not as dangerous as one might think
Propane does not burn. Propane mixed with air burns. Specifically, at normal atmospheric pressure, the combustion range is 2.15% propane (97.85% Air) to 9.6% propane (90.4% air) will support combustion. Outside of those ranges and combustion won't occur.
In addition to the proper mixture of Propane and air, you need an external ignition source (spark or flame). Without an external ignition source, the proper Propane/air mixture would need to be heated to about 1,000 degrees F (depending on the condition of the air) in order to spontaneously burn.
So to set the truck on fire one needs to make the proper mixture of propane and air (one reason why these tanks are not enclosed) AND provide an external ignition source. About the only thing you would have working for you is that propane is heaver than air. Also it would be difficult for the combustion to propagate to other tanks. Your standard Propane tank will burst (if you want to impress people the proper term is BLEVE - Boiling Liquid Expanding Vapor Explosion) at about 1,000 psi. Well past the point when the safety valve or even the main valve would rupture. It is almost like some engineers specifically designed propane tanks to be safe or something.

So, to the chagrin of amateur terrorists, it is difficult to make a tank of propane do anything but burst. This one of the reasons why propane is such a useful fuel... it is pretty safe. This is why propane tanks are readily available to the public... they are pretty safe.
To the OP: Awesome movie reference. One of my favourites.

In EOD school we tried making IIDs out of propane tanks and, like every class before us, found out that there are much easier ways to make an IID.