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Latest Business News

Thousands Complain to Feds on Gas Gouging

Friday, September 02, 2005 4:22:41 AM
By H. JOSEF HEBERT

Erik Weinstein of Madison, Wis., drives off on his scooter after putting $3.58 of gas into his tank at a station in Madison, Thursday, Sept. 1, 2005. With gas prices increasing everyday Weinstein said, "I bought the scooter a month ago and low and behold it has paid off." (AP Photo/Andy Manis)WASHINGTON (AP) - Lawmakers are demanding an investigation into gasoline prices after thousands of motorists called a government hotline to complain of price gouging.

The Energy Department reported more than 5,000 calls to its price gouging hotline Thursday from around the country, although officials emphasized there was no way to immediately determine how many of the allegations were valid.

"In Illinois, prices are reported to have shot up 50 cents per gallon overnight and the state attorney general received more than 500 reports of price gouging," nine Democratic members of the House Judiciary Committee wrote the Federal Trade Commission, asking the agency to step up its review of gas markets.


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