Thursday, January 30, 2014

Propane shortage, higher prices causing problems for suppliers, customers in extreme cold

Supply problems in several states where propane is a crucial heating source have prompted governors and other officials to take action against vendors, investigate claims of price gouging and increase aid to low-income customers.
The propane drain coincides with extreme cold temperatures in several Midwestern and Southern states where residents and business owners are struggling to keep heating tanks filled due to increased costs or supply cut-offs.

Supplies of propane were depleted by a late harvest that increased demand from farmers who needed to dry large amounts of grain before storage.

Kentucky's attorney general was granted an injunction against a major propane supplier that had stopped delivering to commercial customers in several states. And in Missouri, lawmakers are asking the Justice Department to investigate rising prices in that state.