House Speaker Forms Committee to Investigate Propane Prices

6 years 5 months 2 weeks ago Tuesday, February 18 2014 Feb 18, 2014 Tuesday, February 18, 2014 2:11:00 PM CST February 18, 2014 in News
By: Jenna Middaugh, KOMU 8 Digital Producer

JEFFERSON CITY - Missouri House Speaker Tim Jones announced Tuesday the formation of a special committee to investigate allegations of propane price gouging.

Jones formed the House Special Standing Committee on Investigating the Rising Cost of Propane. and named state Rep. Doug Funderburk, R-St. Peters, to serve as chairman and state Rep. Jay Houghton, R-Martinsburg, to serve as vice chairman.

Houghton is the sponsor of a proposal that calls on the federal justice department to investigate the price increase of propane, the price disparity of propane among storage facilities, and the supply shortage of propane available to consumers.

"The extreme jump we saw in pricing caught all of us off guard and resulted in many Missourians with bills that were hundreds and even thousands of dollars higher than expected," said Jones, R-Eureka. "Even as the prices stabilize we still need answers as to why this dramatic increase happened. I am confident Reps. Funderburk and Houghton will be able to find these answers as they conduct a thorough investigation with their committee."

Funderburk and Houghton will lead the 12-member committee in the coming weeks to thoroughly examine the root causes that led propane prices to explode to more than $5 per gallon.

"Missourians deserve answers, and to have confidence in the fact the price increase was the result of unavoidable circumstances rather than an attempt by propane suppliers to increase their profits," said Funderburk. "Rep. Houghton and I will work together with the members of our committee to examine this problem from all angles."

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