Price gouging -- not! | Arkansas Blog

Wednesday, December 17, 2008

Price gouging -- not!

Posted By on Wed, Dec 17, 2008 at 3:50 PM

Remember the hurricane-related hysteria about gas price gouging? So far, though the investigation continues, Attorney General Dustin McDaniel has specifically absolved four gas retailers.

A.G. NEWS RELEASE

LITTLE ROCK- As Hurricane Ike approached the Texas coast in September of this year, many Arkansans contacted the Attorney General’s Office to complain about the sky-rocketing cost of gasoline.   In response to nearly 5000 complaints, the Attorney General issued investigative subpoenas to 15 companies that own or operate approximately 80 gas stations across the state.  All 15 companies under investigation have now responded to the investigative subpoenas.  The Attorney General’s Office is seeking additional information and documentation from several of these companies to clarify the initial responses and those investigations are continuing. 

 

However, four parties have provided information and other documentation demonstrating that  the retail price of gasoline at their locations did not violate the Price Gouging law or the Arkansas Deceptive Trade Practices Act.  The Attorney General’s conclusion was based upon an extensive review of records submitted to the Attorney General’s Office as well as a review of gasoline market prices during this time period.”

 

Those four companies and gas stations include: 

 

Day & Nite Stores, Inc.; 7 stations located in El Dorado, Hampton, Sheridan, Warren, England, Stephens and Camden
31/38 Grocery in Ward, Arkansas;
Circle C Community Grocery in Wooster, Arkansas;
A.J.’s station in Paragould, Arkansas
 

Earlier today, the Attorney General’s office sent a letter to these companies thanking them for their cooperation and advising them that the investigation into their companies is now closed.  The Attorney General’s office has not yet reached any conclusions as to the remaining parties.  As those investigations continue or are concluded, appropriate statements will be issued.

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