NC price gouging law in effect as storm nears

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Associated Press

Posted on February 12, 2014 at 7:32 AM

Updated Wednesday, Feb 12 at 9:35 AM

RALEIGH, N.C. (AP) — With the declaration of a state of emergency, North Carolina's price gouging law is now in effect.

Price gouging, or charging too much in times of crisis, is against state law when a disaster, an emergency or an abnormal market disruption for critical goods and services is declared or proclaimed by the governor.

The law also applies to all levels of the supply chain from the manufacturer to the distributor to the retailer.

The state of emergency declared Tuesday applies to all of North Carolina and is in effect until rescinded.

Forecasters say the approaching winter storm is expected to bring substantial snow and ice to much of North Carolina.

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