Hotels, Gas Station Settle With N.J. Over Price-Gouging Allegations
TRENTON, N.J. (CBSNewYork/AP) -- New Jersey state officials said Monday that settlements have been reached with two hotels and a gas station accused of price gouging following Superstorm Sandy.
Consumer Affairs officials said the state will receive $89,845 in penalties, fees and consumer restitution under the settlements.
Officials said one of the hotels raised its rates by as much as 283 percent above the prices it charged before the storm, while the other raised its rates by as much as 117 percent.
The gas station charged as much as $4.79 for credit card sales of regular gasoline -- an increase of 26.3 percent above its price before the storm. It also allegedly charged as much as $5.09 for credit card sales of premium gasoline -- an increase of 34.2 percent.
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