Propane Shortage Drives Up Heating Bills

05:32

January 27, 2014

Mark Burger of Blackhawk Propane delivers propane to a rural home on January 24, 2014 near Clinton, Wisconsin. A shortage of propane in the Midwest has caused prices to surge upwards to near $5 a gallon in some markets. (Scott Olson/Getty Images)

As people struggle to keep warm during this very cold winter, their bank accounts are taking a big hit. A propane shortage is driving up prices, leading to energy emergencies in two dozen states, as well as accusations of price gouging.

Energy market analyst Phil Flynn of Price Futures Group joins Here & Now's Jeremy Hobson to explain.

Guest

Phil Flynn, senior market analyst at Price Futures Group. He tweets @EnergyPhilFlynn.

This segment aired on January 27, 2014.