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Price Gouging Statute Declared in NE Oklahoma Following Storms

Following last weekend’s tornadoes and floods that hit northeast Oklahoma, State Attorney General Mike Hunter announced the implementation of the Emergency Price Stabilization Act in effect for Mayes, Rogers, Tulsa and Wagoner counties.

His move aimed against price gouging followed a state of emergency declared Wednesday by Gov. Mary Fallin. It targets those who want to make huge profits off the sale of goods including gasoline and energy-related items.

“Oklahomans recovering from the weekend storms need to remain attentive of companies that have come into the community to offer services,” Attorney General Hunter said. “Unfortunately, there are fly-by-night companies trying to take advantage of individuals.

The price gouging statute prohibits an increase of more than 10 percent for the price of goods and services after a declared state of emergency. Additionally, the act allows the attorney general to pursue charges against individuals or businesses that engage in price gouging.

“While my thoughts and prayers continue to be with those who are rebuilding and recuperating after the storms, I encourage everyone to be patient, get multiple quotes from different companies and contact my office if fraudulent activity is suspected.”

On Monday, agents with the Consumer Protection Unit were in storm-damaged areas.