Ky. AG Settles Investigation into High Gas Prices

By: The Associated Press Email
By: The Associated Press Email

FRANKFORT, Ky. (AP) - Attorney General Jack Conway says his
office has reached a settlement with seven Kentucky gas stations
over allegations of price-gouging.

Conway announced Wednesday that the stations have agreed to pay
a combined $107,500 to the state. His office began an investigation into allegations of price-gouging following Hurricane Ike last September. Gas prices in Kentucky spiked as Hurricane Ike bore down on the Texas coast, prompting Gov. Steve Beshear to declare a state of emergency
triggering the state's anti-price gouging law.

Conway said prosecutors are negotiating a settlement with an eighth station, but refused to give any details.

None of the gas stations who settled admitted to any wrongdoing or guilt.

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