Price gouging law takes effect with disaster declaration - - Tulsa, OK - News, Weather, Video and Sports - |

Price gouging law takes effect with disaster declaration

OKLAHOMA CITY (AP) _ Retailers who over-inflate the price of gasoline and other products may now be prosecuted under a state law prohibiting price gouging.

The state's Emergency Price Stabilization Act went into effect with President Bush's recent disaster declaration for Oklahoma.

Attorney General Drew Edmondson says his investigators are continuing to monitor prices in the field, and that he's notified district attorneys across the state to investigate and prosecute under the statute.

Under the law, prices can't increase more than 10 percent above the price charged before the declaration, unless it can be attributed to factors outside the emergency and doesn't involve profit increases for the seller.

Edmondson says the statute applies not just to gas, but to any goods, services, dwelling units or storage space.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.