Missouri AG: Markets drove propane price increase

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

JEFFERSON CITY, Mo. (AP) Missouri Attorney General Chris Koster says market forces rather than manipulation drove this winter’s spike in propane prices.

Koster reported Tuesday on results of an investigation requested by lawmakers after consumers reported prices rising from less than $2 a gallon in December to more than $5 in January.

The report blames low supplies on a combination of factors, including record propane exports and high demand for propane to heat homes during an unusually cold and early winter. It also cites heavy use of propane to dry a record corn crop that was harvested later than normal.

Koster’s office says it reviewed about 250 customer complaints about propane prices and interviewed 80 consumers. The office has been involved in mediating 75 cases and has recovered more than $3,000 for consumers.

1 Comment

Comments are closed.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.