- Pacific Island Times Staff
Guam residents urged to watch for price gouging
Typhoon Wutip provides another opportunity for sleazy merchants to make an ILLEGAL buck
Guam is in Condition of Readiness (COR) 2. Residents are urged to watch for price inflation on goods such as non-perishable food items, water, gasoline, batteries, propane and lumber. Prices shall remain frozen for three days after Guam returns to COR 4.
Any store or retailer violating Guam law may owe up to three times the amount of gross profits on the overcharged goods. It is also illegal to increase the price of services or dwelling rentals because of a shortage caused by a natural disaster. Merchants and landlords may also owe up to five times the amount of inflated services and rentals.
Report violations to the Office of the Guam Attorney General. Call 671-475-3324 ext. 3255 or ext. 3250 or email email@example.com.
To read the full law, go to Title 5, Chapter 32 of the Guam Code Annotated.
Friday night typhoon preps on Guam. Bruce Lloyd photo
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