RICHMOND, Va. – With a major winter storm looming, Attorney General Jason Miyares is reminding retailers about laws against charging exorbitant prices for necessities during an emergency.
Virginia’s Anti-Price Gouging Act, enacted in 2004, prohibits a supplier from charging “unconscionable prices” for necessary goods and services following a declared state of emergency.
On January 3, 2025, Governor Glenn Youngkin declared a state of emergency ahead of a major storm system due to hit the Commonwealth on January 6.
According to an emailed statement from the Attorney General’s office, items and services covered by these protections include, but are not limited to, water, ice, food, generators, batteries, home repair materials and services, and tree removal services.
The basic test for determining if a price is unconscionable is whether the post-disaster price grossly exceeds the price charged for the same or similar goods or services during ten days prior to the disaster.
For example, a retailer offering $5 cases of water during the month of December, cannot raise the price of those cases to a last-minute supply-and-demand price of $20.