Gas Stations Fined For Price Gouging

FRANKFORT, Ky. (AP) - Attorney General Jack Conway says his office has reached a settlement with seven Kentucky gas stations over allegations of price-gouging.

Conway announced Wednesday that the stations have agreed to pay a combined $107,500 to the state.

His office began an investigation into allegations of price-gouging
following Hurricane Ike last September. Gas prices in Kentucky spiked as Hurricane Ike bore down on the Texas coast, prompting Gov. Steve Beshear to declare a state of emergency triggering the state's anti-price gouging law.

Conway said prosecutors are negotiating a settlement with an eighth station, but refused to give any details.

None of the gas stations who settled admitted to any wrongdoing or guilt.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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