Gas Shortages Lead To Gray Market Even As Lines Shrink - Spokane, North Idaho News & Weather KHQ.com

Gas Shortages Lead To Gray Market Even As Lines Shrink

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MSNBC.COM - Shorter but persistent lines at gas stations in the Northeast and sporadic closures have led to a gray market for fuel on Craigslist, with prices for delivery of a five-gallon container ranging from $30-$100 Tuesday.

Craigslist was not immediately available to comment.

New York Attorney General Eric Schneiderman's office announced Monday that it was looking into price gouging complaints after Superstorm Sandy. It said that the state's General Business Law "prohibits such increases in costs of essential items like food, water, gas, generators, batteries and flashlights, and services like transportation, during natural disasters or other events that disrupt the market." 

After the storm disrupted supply chains, reports surfaced of consumers complaining about price hikes on a variety of scarce resources, from $10 for a box of matches to $7 for a loaf of bread. click here to read more

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