Attorney General on Gas Prices

By  | 

As gas prices soar even higher in the aftermath of hurricane Katrina, Gov. Fletcher signs an order, allowing state prosecutors to investigate the state's soaring gasoline prices.

Attorney General Greg Stumbo says he needed action from Fletcher, to trigger a new state law, prohibiting price gouging in the wake of natural disasters. Stumbo says he believes some gasoline retailers are improperly inflating their gas prices, after the devastation caused by Katrina.

Stumbo doesn't have any solid evidence, but he's basing his belief on the dramatic, rapid increase in gas prices across Kentucky. He also says there's no reason for gas prices to increase so much so quickly because the fuel that's already in the pipeline was not affected by Katrina.

If retailers are found in violation of the law, they could be fined $5,000 for a first offense and $10,000 for subsequent offenses.