New York AG Investigates Price Gouging By Oil Giants

Politico reports:

State Attorney General Tish James is launching an investigation into whether oil companies are taking advantage of inflation and the Russian invasion in Ukraine to jack up prices.

“Soaring gas prices are forcing working New Yorkers and low-income families to make difficult decisions on whether to pay bills or put food on the table,” James said Wednesday in a statement to POLITICO. “Price gouging is unfair and illegal and my office is determined to make sure it doesn’t happen in our state,” she said.

The attorney general’s office plans to look at major oil and gas companies, independent refineries, terminal owners and other actors involved in bringing gas and diesel to state pumps.

Read the full article.

New York attorney general probes oil giants for signs of price gouging amid Ukraine war https://t.co/Wa2Fsa36vV

— POLITICO Pro (@POLITICOPro) April 14, 2022