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Attorney general to investigate rising gas prices

RALEIGH -- State Attorney General Roy Cooper plans to mail subpoenas this week to look into consumer complaints of price gouging at some gas stations across North Carolina. WRAL-TV reported that Cooper said he would be looking for "unreasonably excessive" prices. The claims were triggered by gas prices that approached $5 a gallon at some Raleigh gasoline stations as Hurricane Ike bore down on the Texas coast on Friday. Cooper's moved came after Gov. Mike Easley on Friday declared a state of "abnormal market disruption" and signed an order allowing Cooper to enforce North Carolina's anti-gouging law. Cooper said Friday the law applies to all levels of the fuel supply chain. His office began taking complaints on Saturday. (Copyright 2008 by The Associated Press. All Rights Reserved.)

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Price Gouging

It's about time. The prices keep going up and down on a whim is uncalled for. The price of oil drops and the price of gas goes up. You get the reason, trickle effect, you have to wait for the oil that was purchased at a higher price to push through the market before the price drops at the pmp. We don't have to wait for the gas that was bought at a lower price to push through the market before we see a price increace at the pump. Whats up with that. When will this end?

Easley is a hypocrite

He has no problem investigating price gouging but thinks his wife's 88% pay raise is just fine.

Oil and gasoline are two different commodities

While the price of regular unleaded gasoline is heavily influenced by oil, as a separately traded commodity it has a life of its own. So don't think that falling oil prices immediately reduce the cost of gasoline.

Except when the price of

Except when the price of crude goes up