AG To Gas Stations: Don't Even Think About Price Gouging

Ken Klippenstein a journalist with over 30,000 Twitter followers reported that one Houston area Best Buy was gouging customers

"These are things you can't do in Texas", Paxton said in an interview with CNBC. The photos went viral as an example of predatory price-gouging in the wake of Hurricane Harvey.

Businesses found guilty of price gouging can face fines of $20,000, according to Gritpost.

Legal penalties run to as much as $20,000 per occurrence, or up to $250,000 if the victim is 65 or older. 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.

Those who believe they are the victims of price gouging are being encouraged to make a report with the AG's office, by filling out a form online, emailing consumeremergency@oag.texas.gov or calling 1-800-621-0508 or 512-475-4413.

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

The water can affect air bag sensors, brakes and electrical systems and the problems may take weeks or months to service, putting the purchase past warranty, the attorney general's office warns.

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But what's the difference between supply-and-demand pricing, and price gouging?

Houston resident John McGovern told Grit Post that a Best Buy on Highway 290 in Cypress was selling packs of bottled water for $42.96 each.

Best Buy told media website CNet commentator Chris Matyszczyk that this happened at one specific Houston-area store on just that one day. But the company is now apologizing and saying it was all a big misunderstanding.

The retailer said it did not normally sell packs of water, which made the way this Best Buy tried to achieve a bulk sale somewhat more painful, Matyszczyk commented.

"Not as an excuse but as an explanation, we don't typically sell cases of water". An employee priced it by multiplying the price of a single bottle of water, the spokesman said. As a result, we are immediately severing any affiliation with the hotel.

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