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ARTICLE · 17 MAY 2021

NYAG Issues Warning On Gasoline Price Gouging

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

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New York Attorney General Letitia James issued an alert about the potential for gasoline price gouging following the interruption of the Colonial Pipeline.

United StatesMedia, Telecoms, IT, Entertainment

New York Attorney General Letitia James issued an  alert about the potential for gasoline price gouging following the interruption of the Colonial Pipeline.  

Asserting that some gas stations appear to have increased their prices in a response to threats of a fuel shortage and increased demand, James warned that New York law prohibits sellers of fuel and other vital and necessary goods from excessively increasing their prices during an abnormal market disruption, including disruptions caused by energy shortages.  

In a statement, James said, "To be clear, the price gouging of fuel in New York state will not be tolerated for a moment. If our office sees profiteers take advantage of consumers by boosting prices to excess levels, we will not hesitate to take legal action."

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This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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