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Published January 31, 2014, 04:09 PM

Extreme cold winter with transportation methods of propane are main reasons for price spike

If relief from high propane prices isn't going to be exactly immediate, it may be ahead. That according to UND Economics Professor Cullen Goenner. Goenner says the extreme cold winter combined with transportation methods of propane are the main reasons for the price spike.

By: David Schwab, WDAZ

If relief from high propane prices isn't going to be exactly immediate, it may be ahead. That according to UND Economics Professor Cullen Goenner. Goenner says the extreme cold winter combined with transportation methods of propane are the main reasons for the price spike.

Goenner says right now there is about half the stock supply of propane the midwest than there was one year ago. He says the price spike is due to natural market forces and not price gouging.

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