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Greensboro gas station to pay for price gouging

Wednesday, June 3, 2009
(Updated 3:52 pm)

A Greensboro gas station has agreed to pay more than $5,400 in refunds and penalties to resolve allegations that it gouged customers by charging $5.199 a gallon on Sept. 11 and 12 last year.

State Attorney General Roy Cooper announced the settlement today with Irving Park BP, 2009 N. Elm St. in Greensboro.

The state has gotten more than $56,000 in refunds, civil penalties and energy assistance funds from gasoline price gouging investigations. Shell to Go in McLeansville previously agreed to pay.

In a complaint filed today in Wake County Superior Court, Cooper contends that LR&S Inc. overcharged consumers at two gas stations in Yadkinville. The complaint alleges that the company’s Four Sisters Center gas station at 513 E. Main St. and Yadkinville Food Mart at 909 N. State St. raised their retail prices for gas from less than $4 a gallon to as much as $5.679 a gallon within a matter of hours on Sept. 12.

Cooper was one of the attorneys general who began investigations in the fall after Hurricane Ike hit the Texas coast and gasoline prices began to rise.

Cooper's office said thousands of consumers complained after the state price gouging law was triggered. His lawyers still have civil lawsuits pending against two gas stations.

Comments

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whyus

June 3, 2009 - 3:30 pm EDT

This is good, but needs to be done at a National level...Exxon, BP and other oil firms need to be investigated for manipulating prices and price fixing. They continually gouge consumers. Everyone knows that gas prices go up at vacation times..why is this the case unless to gouge consumers?

pwisn591

June 3, 2009 - 5:17 pm EDT

It's amazing how gas prices always go up just prior to the summer vacation season.

histrion

June 3, 2009 - 9:18 pm EDT

Oh, I don't know: The rise in demand that accompanies the summer vacation season? Nah, couldn't be that.

greywolf

June 4, 2009 - 11:48 am EDT

Absolutely, whyus! The capitalists can argue "supply and demand" all they want... that is simply a code phrase for "the more you need it, the more I can screw you on the price."

Wall Street gamblers and oil tycoons made out like the bandits that they are over the past couple of years. Why? Supply and demand? In the most coded definition of the phrase, perhaps.

It is time to regulate the energy industry and unmask these highwaymen. Whether Duke Energy or Exxon/Mobil... or the local BP station... if the government is fixing the price to allow for a "fair" profit, businesses can thrive and consumers can survive.

ncb

June 3, 2009 - 4:11 pm EDT

So the govt received 'refunds' back from the owners and kept the money for themselves instead of returning it to the people who actually got gouged? Classic liberalism

Illiterati

June 3, 2009 - 6:55 pm EDT

Liberalism? Pfft. Classic politics, period.

oh good grief

June 3, 2009 - 10:49 pm EDT

In part because the EPA has different oxygenate formulae and different Reid Vapor Pressure (RVP) for the summer months throughout the United States.

greywolf

June 4, 2009 - 11:41 am EDT

And how will these thieves make restitution to the customers they robbed?

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