New York Attorney General Letitia James on Thursday issued an alert warning businesses against price gouging of essential goods and services as a winter storm brings heavy snow across the state.
Gov. Kathy Hochul has declared a state of emergency for New York City, Long Island, the Hudson Valley and the Capital Region.
New York’s price gouging law bars businesses from charging excessively higher prices for essential goods or services during emergencies or market disruptions. The law applies to vendors, retailers, and suppliers statewide.
“New Yorkers stocking up on necessities before the snowstorm should not have to pay higher prices,” James said. “New York’s price gouging law is clear that retailers cannot raise prices on necessities during emergencies. Ahead of the heavy snowstorm, I urge New Yorkers to follow local guidance to stay safe and report any price gouging to my office.”
The statute covers goods and services considered vital to health, safety, or welfare, including food, water, gasoline, generators, batteries, flashlights, hotel lodging and transportation options.
The Office of the Attorney General urged consumers who encounter higher prices to report details, including the increased prices, dates, and locations. Shoppers are also encouraged to provide copies of sales receipts and photos of advertised prices, when available.
Violations of the price gouging law can result in penalties of up to $25,000 per violation.
Consumers can report suspected price gouging by filing a complaint online with the Office of the Attorney General or by calling 800-771-7755.
