The Michigan Attorney General's Office is investigating more than 100 complaints of possible price gouging due to the high demand and reduced inventories of propane.
As of noon Wednesday, the AG's office has received 87 calls and 43 written complaints related to propane prices. A spokesperson for the AG's office says it is monitoring the situation closely and all complaints are being reviewed in accordance with its standard procedures.
If consumers suspect a retailer charging a price "grossly in excess of the price at which similar property or services are sold," they are encouraged to contact the Attorney General's Consumer Protection Division at 1-877-765-8388 or file an online complaint at www.michigan.gov/ag.
Under the Michigan Consumer Protection Act, gouging occurs when a consumer is charged a price "grossly in excess of the price at which similar property or services are sold." Under the Act, a retailer may not charge a gouged price for a good or service. Anti-trust laws also prohibit suppliers from entering into agreements to arbitrarily fix prices in unison.