Thursday, January 29, 2009

Consumer Alert: Report Suspected Price Gouging

Attorney General Jack Conway is putting Kentucky retailers on notice that price gouging will not be tolerated during times of emergency. Governor Beshear signed an executive order on Tuesday declaring a state of emergency in the wake of the winter storm that has left dozens of Kentucky communities blanketed in snow and ice and tens of thousands without power. Yesterday, General Conway asked Gov. Beshear for an emergency order that will also implement Kentucky’s price gouging laws.

“I have made it clear that I will not tolerate unscrupulous retailers who seek excessive profits during emergency situations. Those who have fallen victim to this storm should not be victimized again by predatory pricing,” General Conway said.

General Conway’s recently concluded investigation into price gouging in the wake of Hurricane Ike resulted in fines totaling $107,500 against eight retail gas stations in seven Kentucky communities.

The emergency declaration issued by Gov. Beshear triggers several consumer protection measures that will remain in place for 30 days. Among them, it empowers the Attorney General to investigate and prosecute, where appropriate, those who sell gasoline, generators, building supplies, chain saws, hotel rooms and other necessary goods and services at an exorbitant price in a time of disaster.

General Conway encourages anyone with specific information regarding possible price gouging to contact the Office of the Attorney General at 1-888-432-9257 or to email icestormcomplaints@ag.ky.gov. He also encourages Kentuckians to stay safe.

“I strongly encourage Kentuckians who are without power to utilize shelters in their communities. Please take caution during this time of emergency, keep your families safe and let’s not forget those around us who may need a helping hand,” said Conway.