Petrol demand is too inelastic to respond to the price signal. Whether we like it or not, this country runs on diesel.

Some gas stations are charging over $7 for gas in California. Not all of that price can be explained, the state warned.

Officials are monitoring potential price gouging after gas prices have skyrocketed. Meanwhile, airlines have been bracing for ...

State lawmakers are again attempting to create harsher penalties for businesses that take advantage of market instability and ...

Governor Kathy Hochul and Attorney General Letitia James are urging vigilance against price gouging amid Middle East tensions impacting supply chains. Hochul emphasized the need to protect residents ...

SAN FRANCISCO -- With gas prices surpassing $6 a gallon, even $7 at some stations, customers may be wondering if prices can get even higher. Unfortunately, they're not going to like the answer.

FRANKFORT, Ky. (WKYT) - With Kentucky under a state of emergency due to an impending winter storm, Attorney General Russell Coleman announced the activation of the Attorney General’s Price Gouging ...

Jan 5 (Reuters) - A U.S. ‌judge on Monday rejected Amazon.com's ‌bid to dismiss a proposed class-action lawsuit accusing the online retailer of price gouging during the COVID-19 pandemic. U.S.

Price Gouging is defined by LegalDictionary.com as "The practice of raising prices on certain types of goods and services to an unfair level, especially during a state of emergency." It's illegal, but ...