Associated Press: Car Towing Schemes

How’s this for a sign of commodity inflation? Associated Press reports that people are towing abandoned cars to salvage yards for their scrap metal value:

Authorities say such schemes are becoming more common across the country due to high steel prices. 

Michele Staton, executive director of the Pennsylvania Auto Theft Prevention Agency, says some tow truck drivers have been illegally picking up abandoned vehicles. She says they take them to scrapyards and get money for the parts and metal.