Coakley Cracking Down On Gas Price Gouging
BOSTON (AP) – Massachusetts Attorney General Martha Coakley is warning gas stations against price gouging as the cost of gasoline continues to climb.
Coakley said she understands that many factors, including major world events, have contributed to the increase in the price at the pump.
Still, Coakley said Friday that her office will make sure no business is unfairly capitalizing on the situation.
Coakley said her office is monitoring compliance with all requirements of state law regarding the pricing of gasoline and the display of gas prices.
Coakley pointed to a provision in the law that bars any petroleum-related business from selling gasoline or other petroleum products for “an unconscionably high price” during a market emergency.
She said stations must also clearly display whether they are selling gas for a lower price during cash transactions.
(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)