Posted February 12, 2014
A group of U.S. Senators recently asked the Obama Administration for help in overcoming a propane shortage, according to a press release from Sen. Thad Cochran’s office available here.
Sens. Thad Cochran (R-MS), Roger Wicker (R-MS) and 27 others sent a letter to President Obama Monday citing residential and wholesale propane price increases resulting from a drop in propane supplies. An Energy Information Agency report shows “propane stocks are 24 million barrels lower than last year, a nearly 44 percent decline.”
The letter says: “Homes, businesses and farms desperately need propane, and the shortage threatens the safety of families and the financial stability of farms and businesses. Thankfully, propane suppliers are already responding to market forces and taking extraordinary steps to increase supplies in hard-hit areas. Until propane stocks recover, the government should continue to provide and/or expand short-term regulatory relief to incentivize these activities.”
“We ask you to identify and implement sensible strategies, provided by law, to guide federal agencies in assisting states with efforts to mitigate the effects of the current propane shortage. In particular, we ask you to review all available options to facilitate and enable the transportation of propane to areas with shortages, via interstate pipeline and other modes of transportation.”
A link to the letter and a full list of the Senators who signed the letter is available here. WJTV News and MS Business also reported on the story hereand here.
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