GQ: What exactly is price gouging?

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By Steve Kuzj skuzj@nbcaugusta.com

NORTH AUGUSTA, S.C. - Gas prices in Georgia-Carolina have hit record levels at more than $5 a gallon in some places.

Greg's Gas Plus in North Augusta is selling its gas for $4.99. It's high, but it doesn’t seem so when compared to reports of stations charging more than $6 for gas.

The Aiken County Sheriff's Office says it has received about a dozen calls from people accusing gas stations of unreasonably marking up their prices because of the low supply and high demand for of gas in the CSRA.

High prices are something we've all been dealing with, but since Hurricane Ike shut down nearly all oil refineries in the Gulf of Mexico, prices have gone up more than a dollar a gallon in the Augusta Area.

Many believe it’s the work of price gougers.

Lt. Michael Frank of the Aiken County Sheriff's Office defines price gouging as one or more dollars above other gas stations’ selling price.

So even though drivers may be paying more than $5 in some places, Lt. Frank says it's most likely not price gouging.

Spokesperson for Greg’s Gas Plus, Steve Johnston, says many stations can’t help the high prices.

"Still, the consumer sees the gas at $3.39 or $3.49 or whatever and now all of sudden it's way up, and to them, that's price gouging," says Johnston.

Johnston says ripping off their customers is the last thing they want to do.

"It's out of the local people's hands and even the national chains hands because they're all at the mercy of how much gas is out there and how much they're going to be charged to pay for it by the distributor."

If gas stations don't want to end up running on empty like many in our area, they'll have to keep charging the consumer more because it's costing them more.

As high as prices have been, drivers should start to see costs sink back to previous levels over the next week.

Thursday, Sep 18 at 9:56 PM Tony Jones wrote ...

I travel alot in SC its funny how the prices where still right at $5 or even over $4 till just late yesterday. When in Columbia alot of stations where below the $4 mark on Monday.

Tuesday, Sep 16 at 12:23 PM D. Delisle wrote ...

I'll bet that Galvaston is in bad need of generators. There has to be a big shortage of them there. If I bought 100 generators here for $1000 each and took them to Texas to sell at $3000 each due to short supply there I would be in jail in a matter of minutes. Isn't that a double standard where big oil can get away with it but, we, as the private citizen, to try that same oppertunity is called price gouging punishable by law. Maybe if we gave the politicians their cut we could.

Tuesday, Sep 16 at 12:09 PM B. Brown wrote ...

When the gas stations in the Augusta area charge $4.99 a gal, and Atlanta is paying less ($4.19), that's price gaouging. When Augusta is being charged $4.99 a gal and the national average is $3.89 a gal, that is price gouging. So they temporarily shut down some refineries, well gas is selling for less that $100 dollars a barrell right now, GOUGING!!!!

Tuesday, Sep 16 at 11:09 AM Concerned wrote ...

Perhaps Greg's knew they were not getting a shipment in...it makes no sense for them to bring prices to $5.29 if just a mile down the road it is $3.99 for the sake of "gouging." Tell ya what, next time you spend $1.59 for a bottle of water you could fill up for free, then we can speak of unreasonable SPENDING.

Tuesday, Sep 16 at 2:28 AM Brian Richardson wrote ...

Who's paying off Lt. Franks. When everyone jumped to 3.89-4.19 a gallon, Greg's Gas Plus was 5.29. If that's not gouging, I'll eat my hat!

Monday, Sep 15 at 9:02 PM Kay wrote ...

This is the most lame excuse for "gouging" that I have ever heard. When a station has not had a "new delivery" of gas and the tanks underground have gas. These stations are flipping an off switch waiting to rob us blind with these prices!! I bet if our so called local law inforcement were to ask to see the level of the tanks that are claiming to be out of gas, they will find that most do indeed have gas and are waiting for the right moment to flip the switch back to "ON" to charge us more.

Monday, Sep 15 at 8:56 PM T Jenkins wrote ...

Most, if not all of the stations in my area are out of gas, when can we expect the supply to be replaced?

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