Propane Supply a Concern

Propane Supply a Concern

Grassley asks FTC to watch market carefully.

Senator Chuck Grassley, R-Iowa, is concerned about apparent shortages of propane gas just as the weather is turning cold and farmers are in high gear working to get crops out of the fields. In a letter to the chairman of the Federal Trade Commission, Jon Leibowitz, Senator Grassley asked that the commission remain vigilant in overseeing the propane market to prevent anti-competitive behavior.

 

Farmers are using a considerable amount of propane right now because they are harvesting a higher amount of high-moisture corn due to the unseasonably wet weather. Most corn must be sold below a certain moisture content for farmers to receive an optimal price. Grassley says propane inventories nationally remain at or above the five-year average for this time of year.

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