Posted 1 year ago
By Associated Press
The spike has been blamed on a supply problem caused by farmers using propane-fueled equipment last fall to dry wet grain, as well as a bitterly cold winter and the temporary shutdown of a major supply pipeline in December.
But Iowa Sen. Chuck Grassley has asked the Federal Trade Commission for more oversight of the propane market “to prevent possible anti-competitive behavior or illegal manipulation.”
Terry Davis, owner of Country Propane in Milo, Iowa, says his average residential customer would have paid about $800 to fill up a 500-gallon tank two weeks ago. On Friday, the cost soared to about $2,000.