Posted: Apr 29, 2010 8:43 PM by Anna Brown
Source: Attorney General's Office
Louisiana Attorney General Buddy Caldwell announced that price gouging laws are now in effect following Governor Bobby Jindal’s declaration of a state of emergency due to the oil spill along the Louisiana coast.
Price gouging occurs when a seller prices merchandise much higher than is reasonable or fair.
Louisiana’s price gouging statues ban raising prices above the pre-emergency levels unless there is a national or regional product shortage. This means that gasoline, petroleum products, hotels, motels, and retailers are prohibited from raising prices during this state of emergency unless there is a spike in the price of doing business.
The price gouging laws carry both civil and criminal penalties.
If you suspect price gouging, please contact the Louisiana Attorney General’s Office at 1-800-351-4889.