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New York AG Launches Sandy Price-Gouging Probe

New York State Attorney General Eric Schneiderman on Monday launched an investigation into post-Sandy price gouging after receiving hundreds of complaints from consumers across the state.

New York AG Launches Sandy Price-Gouging Probe
Photo by Adam Jeffery for CNBC.com

Schneiderman said his office has received complaints from consumers from areas of the state hit hardest when the massive storm struck one week ago - New York City, the Hudson Valley and Long Island.

The largest number of complaints are related to increased gasoline prices, he said in a statement, but consumers also have reported possible gouging for emergency supplies like generators, hotels raising rates due to "high demand," as well as increased prices for food and water.

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