Blog

Fuel Industry, Lawmakers Want Answers on Propane Issues

Author: Kristy

Propane distribution and supply issues cause headaches across the U.S.; Propane Education and Research Council announces plans to probe cause

Published on: Feb 3, 2014
 
 

Record cold temperatures across the country, and particularly in the Midwest, have created an unprecedented surge in demand for propane, sparking higher energy costs for farmers and consumers.

According to the Energy Information Administration, residential propane prices in the Midwest topped $4.20 per gallon last week, quite a bit higher than the $2.28 consumers paid just a month ago.

That has sparked questions from Sen. Chuck Grassley, R-Iowa, and lawmakers in other affected states, who say the shortages have them concerned for consumers.

Propane distribution and supply issues cause headaches across the U.S.; Propane Education and Research Council announces plans to probe cause of issues
Propane distribution and supply issues cause headaches across the U.S.; Propane Education and Research Council announces plans to probe cause of issues

“The recent propane supply shortage and price increases are causing hardship for the many rural Iowa families that use propane to heat their homes,” Grassley said. “I’m asking the agency that oversees business practices to look at the propane situation and see whether the price increases are legitimate or manipulated in any way to consumers’ detriment.”

Grassley submitted a letter to the Federal Trade Commission to question soaring prices, suggesting they “remain vigilant in overseeing the propane market prevent possible anti-competitive behavior or illegal manipulation, and to ensure that any supply shortages are not created artificially.”   READ MORE

 

 

 

Posted in Uncategorized |
Share

Comments are closed.

Mail Us Facebook Twitter RSS YouTube
See More

Video Feature


Hit Counter by http://yizhantech.com/