Price gouging during natural disasters

Texas Store Sold Gas At $20 Per Gallon Following Hurricane Harvey

Price gouging during Hurricane Harvey: Up to $99 for a case of water, Texas AG says

Once a disaster has been declared by the Texas governor, the AG's office has the authority to prosecute any business that engages in price gouging of goods, including fuel, food and medicine.

Gasoline: At a Houston convenience store, gas was being sold for $20 per gallon, Paxton's office said. Parsons advised those who suffered price gouging to save receipts and keep track of how much they were charged for later. Those found guilty of such activities could face fines of up to $20,000, or up to $60,000 if they are victimizing people ages 65 or older.

The state has received 684 complaints in all, according to Kayleigh Lovvorn, a spokeswoman for the office. The attorney general's office says many flood damaged vehicles will end up in the used auto market, and can make their way to West Michigan buyers in a matter of days. Reports say that it is essential for the continuation of business, though the action is still a criminal offense in the state of Texas. In light of this, Michigan Attorney General Bill Schuette today issued a warning to gas stations against any attempt to take advantage of consumers by price gouging or price fixing. In Houston, gas is going for an average of $2.17 per gallon, compared with $2.12 the week before.

"One Houston resident sent me a pic of water he saw being sold for *$42 a href="http://gritpost.com/best-buy-apology/" rel="nofollow" target="_blank" *GritPost.com news website: "Unfortunately, price gouging like this can be common following natural disasters".

Meanwhile, some businesses sold water bottles for $8.50 each and cases for $99, Lovvorn said.

A Best Buy spokesman said, "This was a big mistake on the part of a few employees".

A photo submitted to GritPost appeared to show a Best Buy offering $29.98 and $42.96 cases of water, prompting outrage and allegations of price gouging on social media.

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