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Mountain Mart in Canton, NY. According to EPA data, the agency found violations at seven gas stations in Malone, Massena, Moira, Plattsburgh, and Canton. Photo: David Sommerstein
Mountain Mart in Canton, NY. According to EPA data, the agency found violations at seven gas stations in Malone, Massena, Moira, Plattsburgh, and Canton. Photo: David Sommerstein

Cold snap draining fuel supplies, prices spiking

NEW YORK (AP) A second fierce blast of winter weather is sapping fuel supplies in many regions and sending prices for propane and natural gas to record highs.

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Higher natural gas prices are also leading to sharply higher wholesale electricity prices as power utilities snap up gas at almost any price to run power plants to meet higher-than-normal winter demand.

Propane users will get pinched the most. Those who find themselves suddenly needing to fill their tanks could be paying $100 to $200 more per fill up than a month ago.

Homeowners who use natural gas and electricity will see higher heating bills because they'll use more fuel. But prices won't rise dramatically because utilities only buy a small portion of the fuel at the elevated prices.

Copyright 2014 The Associated Press. All rights reserved

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