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Attorney General: Price Gougers Beware

Attorney General: Price Gougers Beware

By: Magnolia Tribune - May 25, 2007

WDAM, 5/24/7

Gas prices remain at record highs, and there’s little relief in sight this holiday weekend. But Attorney General Jim Hood will be keeping an eye on local companies, making sure they don’t price gouge customers like after Hurricane Katrina.

Five companies have settled with the state, paying up nearly $249,000. They were Sumrall Oil, Prince Oil, Spaceway, Southern Oil, and Moak Petroleum. Hood says they got hit with a penalty ten times the illegal profilts they made. However, two other companies did not cooperate. The state plans to file suit against Fair Oil out of Louisville and Wilburn Oil out of Lee County.

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.