Price Gouging Warning Issued As Potentially Historic Blizzard Bears Down On New York

NEW YORK — As a potentially dangerous winter storm heads our way, New York's top law enforcement official is warning would-be price gougers to not try to turn a natural disaster into quick profit by taking advantage of a dire situation.

New York Attorney General Letitia James issued a consumer alert regarding price gouging ahead of an anticipated winter storm. The alert reminds New Yorkers and businesses about state laws preventing excessive pricing during market disruptions. Governor Hochul has declared a state of emergency across New York in response to the severe winter weather event.

New York's price gouging law prohibits businesses from charging unconscionably excessive prices for essential goods and services during emergencies. This legal framework aims to prevent businesses from exploiting consumers during times of crisis. The law covers a range of essential items, including food, water, gasoline, generators, batteries, flashlights, hotel lodging, and transportation options.

Attorney General James emphasized the importance of consumer vigilance.

"Winter weather is no excuse for price gouging," James said.

The AG said her office is actively monitoring for attempts to take advantage of consumers with inflated prices. Consumers are encouraged to report any instances of price gouging they observe in their communities directly to the Office of the Attorney General (OAG).

When filing a complaint, consumers should provide specific details. This includes reporting the increased prices, the dates they were observed, and the locations where they occurred. Providing copies of sales receipts and photos of advertised prices, if available, can also assist the OAG in its investigations.

Violations of the price gouging law can result in significant penalties, with fines potentially reaching up to $25,000 per infraction. New Yorkers can report concerns about price gouging by filing a complaint online or by calling 800-771-7755. The OAG said it is prepared to investigate all reported incidents.