Hood: State of emergency does not prompt price-gauging law

JACKSON — Attorney General Jim Hood has released a statement informing Mississippians included in the designated emergency impact area created by Issac that the current state of emergency does not allow his office to enforce the price gouging statute.

“A state of emergency alone does not establish our ability to enforce the price gouging statute,” said Hood.  “The governor must invoke the necessary language from the Mississippi emergency management laws.”

The Attorney General’s Office, Division of Consumer Protection, reports it has received numerous calls about upswings in prices, particularly at gas stations in the emergency area. However, because the price gouging statute is not currently in effect, any increase in prices is legal. When the statute is in effect, the law says that “the value received for all goods and services sold within the designated emergency impact area shall not exceed the prices ordinarily charged for comparable goods or services in the same market area at or immediately before the declaration of a state of emergency or local emergency. However, the value received may include: any expenses, the cost of the goods and services which are necessarily incurred in procuring such goods and services during a state of emergency or local emergency.”

“Even during a state of emergency, the law still allows a reasonable increase in prices to account for additional supply costs,” said Hood. “Retailers just have to be careful to keep their profit margin consistent with what they were getting prior to the proclamation allowing us to enforce the statute.”

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

4 Responses to “Hood: State of emergency does not prompt price-gauging law”

  1. marvvin foster Says:

    price gouging in picayune, ms can be attributed to keithco distribution company that supplys gas to almost all gas stations in this area. this needs to be investigated. with the economy is what it is we cannot afford to make one rich guy richer nat our expense when we can least afford it.

  2. South MS Says:

    KeithCo. That’s the same distributor who had former state senator Sid Albritton show up with the guard to commandeer his company. Wasn’t he forced off his property at gunpoint? If you’re gonna accuse him of price gouging go ahead and do it, but stop trashing him in the comments.

  3. picayune18 Says:

    hmmmm, Looks like Mr. Foster is not very aware of Picayune. Anyone from Picayune knows Raceway and Walmart/Murphy dictate the price here. I have never seen anything but keithco comparable to them. Its people like this that comment and have no idea what they are talking about. His 2 seconds of fame………..gone.

  4. Barbuckle Says:

    I don’t know much about Picayune, but I have law enforcement family who went to help after Katrina. All this time later they still talk about Picayune and how the officials there handled everything so well. I don’t know who they forced to do what, but I do know that according to our guys, you were the only town they checked on that was civil, fed, and safe. Whatever they did was probably best for the community

POST A COMMENT

 

Top Posts & Pages