States Monitor Gas Prices
By Jack Penchoff
Before Hurricane Ike made landfall over the weekend, some states were already taking action to prevent the potential of price gouging.
According to the Congressional Research Service, at least 30 states plus the District of Columbia, Guam, and the Northern Mariana Islands have laws that prohibit price gouging, excessive price increases, or unconscionable pricing. Most states have laws that are triggered in the event of a declared emergency, with a few having laws that may be applicable at other times as well. Other states may also exercise authority under general deceptive trade practice laws depending on the nature of the state law and the specific circumstances in which price increases occur.