Price gouging illegal
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Gov. Bobby Jindal’s state of emergency declaration during Tropical storm Ida also puts into effect Louisiana’s price gouging law, said Attorney General James D. "Buddy" Caldwell.
As residents heed the warnings to fill up their cars with gasoline, in case of evacuation, Attorney General James D. “Buddy” Caldwell says he has gained business’ cooperation by assuring a tough stance against price gouging by anyone.
Our price gouging law will protect not only Louisiana citizens but also our coastal neighbors who may have to travel through Louisiana.
Read the Price Gouging Statute
“We will not tolerate gouging of any kind,” says the Attorney General. “Businesses have been very cooperative, welcome our involvement and are helping us police competitors.
Louisiana law states that once a state of emergency has been declared, merchants may not grossly raise the price of products without good reason. Unreasonable price increases are considered “price gouging” and subject to penalties. In an emergency situation, a merchant may increase the price only if they incur a “spike” in the price of doing business.
If you see a place of business you suspect is price gouging you can call our consumer protection hotline at 1-800-351-4889 or log onto www.agbuddycaldwell.com.
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