In the wake of Hurricane Sandy, many businesses in New Jersey and New York raised their prices in response to higher demand or weakened supply. But when those prices are jacked up so high that it’s disproportionate to the additional cost to the business, that’s gouging. Today, the state of New Jersey filed suit against eight businesses accused of crossing that line.
Not surprising, seven of the alleged gougers are gas stations. The remaining defendant is a Howard Johnson Express hotel.
- A Lukoil station in Paterson. After the storm, a gallon of gas here was selling for $5.50, a 59% increase from the pre-storm price of $3.45.
1 comment:
They sickened my stomach when I heard of them gouging these desperate people! I would never ever support any of those businesses & they should be publicized Everywhere so everyone knows not to cater to them!
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