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Grassley Asks for Investigation Into LP Price Fixing

Propane prices have fallen for the fourth week in a row. According to the U.S. Energy Information Administration, residential propane is $2.59 and wholesale propane is $1.62. Senator Charles Grassley states he wrote a letter of concern to the Federal Trade Commission when prices skyrocketed to investigate if there was any price fixing.

Also, he adds that there are efforts for better distribution with the Federal Energy Regulatory Commission to allow another pipeline to be dedicated to LP gas to get more to the Midwest.

For the complete price report click here. [1]