Colyer, Schmidt warn businesses about price gouging

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TOPEKA, Kan. (WIBW) — With gas prices shooting upwards, two top Kansas officials are warning businesses that price gouging is illegal in the Sunflower State.

On Friday Lt. Gov. Jeff Colyer and Atty. Gen. Derek Schmidt released a joint statement warning that they "are closely monitoring the situation."

"While price increases caused by the disruption of supply are to be expected, it is illegal in Kansas to 'profiteer from a disaster' by unjustifiably raising the price of motor fuel," they said.

Colyer and Schmidt point out Kansas law considers increases of 25% or more suspicious and subject to further scrutiny. In those cases, a seller may have to provide documentation demonstrating that the increase is due to the seller's increased costs.

"We encourage caution and restraint so the nation's focus can remain on assisting those affected along the Gulf Coast," they added.

People who spot price increases they believe are unjustifiable can file a complaint with the attorney general's Consumer Protection Division at http://www.InYourCornerKansas.com.