Michigan Attorney General issues gas price gouging warning

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DETROIT - The combination of a storm in the Gulf of Mexico and the Labor Day weekend has all of us keeping a wary eye on gas prices here in Michigan.

In response, Attorney General Bill Schuette issued a warning to retailers and a reminder to consumer that price gouging is illegal in this state.

"As Labor Day weekend nears, Tropical Storm Isaac, combined with other factors, will likely result in higher prices at the pump," said Schuette. "These circumstances are not a free pass for price gouging. My office monitors gas prices closely, and we will not hesitate to take action if evidence of price gouging surfaces."

Schuette's Office says it monitors retail profit margins and actual cost of providing gasoline products, so it's ready to investigate any complaints of gouging.

How to report the problem

If consumers become aware of direct evidence of a conspiracy between companies, or have verifiable evidence of a retailer charging a price "grossly in excess of the price at which similar property or services are sold," they are encouraged to contact the Attorney General's Consumer Protection Division.

The phone number is 877-765-8388 or go online at www.michigan.gov/ag http://www.michigan.gov/ag.

For more information on gas prices in Michigan see Attorney General Schuette's Consumer Alert: Increased Gas Prices? Again?

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