Propane shortage causes prices to skyrocket
Tue, 28 Jan 2014 23:17:03 GMT —
midwest propane shortage is causing prices here in northern
Michigan to skyrocket.
n some areas
prices are as high as five dollars a gallon and it's not clear if the prices will go back down anytime soon.
John Ingersoll called the gas company to get his propane tank filled, he was stunned to hear the price tag.
They quoted me $5.85
per gallon and that rate wasn't even locked in," Ingersoll said. "They said it could be higher when actually delivery truck got here."
ith the extreme temperatures
Ingersoll have been using up their propane quicker than usual, which has driven up the demand around the midwest.
If you're just now buying propane
or you ran out and you didn't buy ahead, well you have to take and get what you can get, just because supplies are very limited right now," Joe Ross, Michigan Propane Gas Association Spokesperson said.
he supplies are limited due to a number of factors.
ropane tankers are having issues with deliveries due to the snowy roads
, a major midwest pipeline has been damaged, and number of environmental factors have also taken a toll.
We had an unusually wet season and our farmer
throughout the Midwest use a lot of propane to dry their crops
," Ross said.
nd while the supply is thin
industry experts hope these problems will be addressed in the coming weeks.
ut until then
some propane users like
John Ingersoll have decided to make an energy switch rather than foot a lofty price tag.
uddy of mine owns the heating company and he's going to put in the hot water heater that's electric in the basement and then I won't have to rely on propane at all
," Ingersoll said.
ndustry experts say it is unclear how long these high prices will last.