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News : Mo. House Endorses Propane Price Investigation
Posted by Randy on 2014/2/14 4:54:50 (281 reads) News by the same author

JEFFERSON CITY (AP) - The Missouri House is asking the U.S. Justice Department to investigate the high price of propane.

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The resolution endorsed Thursday was adopted by a voice vote and now heads to the Senate where a similar measure was also passed this week.

Lawmakers began considering the measures after propane prices jumped over $5 per gallon in January. Propane associations say the high prices are caused by colder weather and higher-than-expected crop yields.

But Missouri legislators have accused the industry of price gouging by boosting exports and causing a shortage back home.

Missouri Attorney General Chris Koster is also investigating. Gov. Jay Nixon has announced an additional $15 million in aid for low-income propane customers to cope with the high prices.

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