Price Increases in the Aftermath of Hurricane Katrina: Authority to Limit Price Gouging
LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE
Pagination or Media Count:
This report addresses the authority of state and federal governments to control price gouging in the aftermath of Hurricane Katrina. Specifically, questions have arisen regarding increased prices in the areas affected by Hurricane Katrina and the effect that the damage caused by the hurricane will have on prices, specifically gasoline prices, in other parts of the country. State laws regarding price gouging in the event of an emergency are discussed as is the role the Federal Government could play in addressing rising gas prices in other parts of the country. This report will be updated as events warrant.
- Economics and Cost Analysis
- Government and Political Science
- Sociology and Law