Attorney General Dustin McDaniel said today that his office had or would be issuing subpoenas to 10 fuel suppliers for an investigation of whether they unalwfully raised prices last week during the scare about interrupted gasoline supplies on account of Hurricane Ike.
The subpoenas will go to businesses that charged prices ranging from $4.29 to $4.64 a gallon. They follow thousands of reports of big prices increases to his office.
Subpoenas will go to Kum and Go, with outlets in Northeast and northern Arkansas; KC Gas Market, with three stations in Osceola; Arkansas Travel Centers, with stores in Choctaw, Marhsall, Conway, Greenbrier and Damasucs; Day and Nite Stores, with nine stores in England, Camden, Sheridan and El Dorado; Hard Hat Stores, with five stores in Blytheville and Osceola; 31/38 Grocery in Ward; Gary’s Food Mart, five stores in Mississippi County; S&H Quick Stop in Imboden; Hess Oil Company in Alexander, and Pilot Travel Centers in West Memphis and Russellville.
On the jump, some info from the A.G.’s office on what the law says about price gouging. In short, a big increase does not necessarily constitute a law violation, however painful. If McDaniel finds evidence the law was broken, he said he’ll seek restitution and penalties.