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New York to Probe Price-Gouging Complaints

New York authorities are investigating widespread reports of price-gouging on fuel, water and other vital items in the wake of superstorm Sandy, officials said Monday.

"Our office has zero tolerance for price-gouging," Attorney General Eric Schneiderman said. "We are actively investigating hundreds of complaints we've received from consumers of businesses preying on victims."

New York law prohibits sharp price increases for essential items including food, water, gasoline, generators, flashlights and transport during natural and other crises.

Source: AFP. Read full article. (link)

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  • Rayxchui||

    It is only price gouging if you do it without the permission of the State. It is perfectly legal and the State gouged drivers everyday. Look at peak demand pricing in California. The toll authority will raised prices during commute hours when they know that you need to get to work on time. Perfectly legal and they think it's a great ideal.

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