Gas Prices Rise, New York Warns of Price Gouging
New York State has issued a consumer alert about price gouging on gasoline. Attorney General Eric Schneiderman issues the warning for both consumers and businesses, following Hurricane Harvey and the reduction in gasoline supply for the state.
According to the AG, “Experience has shown that some gas station owners use severe storms as an opportunity to exploit consumers.” In a press release, he said “Hurricane Harvey has led to gas price spikes across the country, including in New York – but we'll hold accountable those who seek to capitalize on the storm at the expense of hardworking New York families.”
Gasoline prices across the country has rose to a two year high, following Hurricane Harvey hitting land. The New York State average price of gas has risen 23 cents per gallon. The cause for the increase, is the decrease in gas because of the shutdown of major refineries and the closure of the Colonia Pipeline that carries gas from Texas to the Northeast.
In the press release from the Attorney General’s office, they show this graph with the average gas prices across New York State.
New York average gas prices as of September 2:
|Week Ago Avg.||$2.479||$2.735||$2.937||$2.704|
|Month Ago Avg.||$2.464||$2.715||$2.923||$2.682|
|Year Ago Avg.||$2.335||$2.583||$2.792||$2.539|
Between the General Business Law and New York State’s Price Gouging Law, both prohibits excessive increases in prices of essential goods and services resulting from natural disasters. The New York State Law doesn’t allow merchants to take unfair advantage of consumers. Attorney General Schneiderman investigated price gouging during Hurricane Sandy, which he secured over $300,000 in penalties from 40 gas stations in the state.
Attorney General Schneiderman urges any New Yorker who believes they have been the victim of price gouging to call the Attorney General's office at 800-771-7755 or you can click here to go the website with a compliant form.