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Congressmen Call For Propane Shortage Investigation
CEDAR RAPIDS, IA (CBS2/FOX28) - Two Iowa Congressmen from opposite political perspectives are on the same page on one big issue. They say something has to be done right now about the rising price of propane in Iowa.
I think there's speculation and price gouging, not necessarily things that you could say are illegal, but surely, if they're done in a way that a few people curb the market, they might be violations of some of our antitrust laws, Senator Chuck Grassley said.
Propane prices have skyrocketed during a brutal winter - creating terrible burdens for Iowans, Many families are faced with having to choose between heating their homes and paying other critical bills, and I want to ensure that the reason for these price increases is being responsibly examined, Braley said.
Both Congressmen have asked the Federal Trade Commission to investigate. Grassley said there are things that can be attributed to the shortage. He said a pipeline being shut down for a month and a late corn harvest that had to be dried didn't help matters. But, Senator Grassley and Representative Braley agree that the spike in prices doesn't add up. In some urban areas of Iowa, prices are as high as $5.00 a gallon. At this time last year, prices were $1.39 a gallon.