$99 for a case of water

01 September, 2017, 01:19 | Author: Regina Lloyd
  • Houston-area floodwaters recede but dangers still loom

"Price gouging is illegal", visitors learn, "and the Office of the Attorney General has authority to prosecute any business that engages in price gouging after a disaster has been declared by the governor". "Unfortunately, in the wake of the damage from storms and flooding, we also see bad actors taking advantage of victims and their circumstances".

State law prohibits businesses from charging exorbitant prices for necessities during times of disasters. Those found guilty of such activities could face fines of up to $20,000, or up to $60,000 if they are victimizing people ages 65 or older.

Paxton said the high prices are not justified by widespread shortages of essential goods.

A breakdown of the complaints show that at least 202 of the complaints are related to service stations. The attorney general's office says many flood damaged vehicles will end up in the used auto market, and can make their way to West Michigan buyers in a matter of days.

"We're looking at prices over the last three months", Paxton told ABC News.

The AG's office has now received about 600 complaints in total, a spokesperson told Jalopnik.




There have been over 550 complaints so far about price gouging on everything from food to gasoline.

But the Attorney General says the state's crackdown has been effective, telling Varney, "The number of complaints coming in has actually declined significantly".

But what's the difference between supply-and-demand pricing, and price gouging? One of the cases was being sold for $42 when it normally retailed for about $15.

A representative for Best Buy apologized for the incident, calling it a "big mistake".

They added that this was not an excuse but an explanation for the error. "The mistake was made when employees priced a case of water using the single-bottle price for each bottle in the case", the spokesperson from Best Buy concluded.

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