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9:37 am
Fri December 25, 2009

Storm Price Gouging

Tulsa, OK – Declaration triggers state price fixing law

OKLAHOMA CITY (AP) Oklahoma's price gouging law has gone into effect following Gov. Brad Henry's declaration of a statewide state of emergency because of a fierce winter storm.

Attorney General Drew Edmondson's office says the Emergency Price Stabilization Act bars an increase of more than 10 percent in the price of most goods and services when a state of emergency has been declared. The statute is enforced by Edmondson's office.

The law will remain in effect through the duration of the governor's declaration and for 30 days after it expires. The act is in effect for an additional 180 days for prices related to repairs, remodeling and construction