State Prepared To Investigate Allegations Of Gas Price-Gouging Posted on September 12, 2008
Nashville, TN — The effects of storm systems active in the Gulf Coast are now being felt by Tennesseans at the gas pump. Prices for fuel have risen dramatically and the State is offering consumers information on how they can report possible price-gouging.
Governor Bredesen today addressed the issues surrounding gasoline supply in Tennessee, warning individuals and businesses who engage in gasoline price-gouging that “we will be very tough and very aggressive on people who take advantage of this situation. I hope people do not try to capitalize on the effects of these storms at the expense of Tennesseans, who are already struggling with high gas prices.”
“We are taking this very seriously,” said Leslie Newman, Commissioner for the Department of Commerce and Insurance. “Under Tennessee law, price-gouging is illegal and we will be working with the Attorney General’s office to aggressively pursue anyone who violates that law.”
It was anticipated that gas prices would rise with hurricane activity in the Gulf Coast, where a substantial portion of the country’s gas supply is produced. The Division of Consumer Affairs warns consumers to be on the lookout for potential price-gougers.
Consumers may contact the Division of Consumer Affairs at www.tn.gov/consumer or call at 615-741-4737 or toll-free at 800-342-8385, to report incidences of suspected price-gouging. Consumers will need to provide the name of the gas station, address and the price and grade of the gas being sold. Consumers may also report suspected price-gouging online to the federal government at http://gaswatch.energy.gov/.