FTC says Blue Rhino, AmeriGas colluded on propane tanks

• The FTC accuses two key propane suppliers, Blue Rhino (NYSE:FGP) and AmeriGas (APU, UGI), of illegally colluding in 2008 by reducing the amount of propane in tanks from 17 pounds to 15 pounds without cutting the price, in administrative complaint filed against the companies.
• Blue Rhino and AmeriGas together controlled ~80% of the market for wholesale propane exchange tanks in the U.S., according to the FTC.