La. price gouging laws in effect

Font size

Posted: Apr 29, 2010 8:43 PM by Anna Brown
Source: Attorney General's Office

  Rating: 0.0 (0 votes)

Topics: Louisiana, Attorney General, Buddy Caldwell, price gouging, Governor Bobby Jindal, state of emergency, oil spill, coast

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.

comments powered by Disqus

Most Popular