BP allegedly drives up propane prices, California

Traders at BP PLC have been accused of illegally corning part of the US propane market in 2004, driving up the cost of propane, and affecting millions of people who use propane for heating and cooking.

The Commodity Futures Trading Commission says that BP executives knew about, and approved the scheme.

They also claim that BP traders caused a brief 50-percent spike in propane prices during the height of the heating season in a bid to reap a quick $20 million in profits. About 7 million households were affected by the price increases.

Register your BP Propane PricesComplaint

If you paid excessive amounts for propane in 2004, you may qualify for damages or remedies that may be awarded in a possible class action or lawsuit. Please fill in our form on the right to submit your complaint to a lawyer for a free evaluation.
Last updated April 1 2009

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