Michael Giberson A bill passed by the Georgia state senate would add some helpful flexibility to the state's anti-price gouging law. The primary purpose of the bill would be to allow the state to limit the range of items for which the price gouging rules will be enforced based upon the nature of the emergency. For example, if a storm mostly damaged windows and roofs, the price gouging rule might be enforced on plywood and hotel rooms, but not on ice and gasoline. Another part of the bill would allow gasoline retailers to raise the price of retail gasoline to reflect the cost of replenishing the store's supplies rather than linking allowed retail prices to the historical cost of the gasoline sold.
Georgia Bill Would Add Useful Flexibility to…
Michael Giberson A bill passed by the Georgia state senate would add some helpful flexibility to the state's anti-price gouging law. The primary purpose of the bill would be to allow the state to limit the range of items for which the price gouging rules will be enforced based upon the nature of the emergency. For example, if a storm mostly damaged windows and roofs, the price gouging rule might be enforced on plywood and hotel rooms, but not on ice and gasoline. Another part of the bill would allow gasoline retailers to raise the price of retail gasoline to reflect the cost of replenishing the store's supplies rather than linking allowed retail prices to the historical cost of the gasoline sold.