As Hurricane Milton approaches landfall in the U.S., the Biden administration is warning consumers of the risk of fraud and price gouging.
By noon Wednesday, nearly a quarter of gas stations in Florida were out of gas, according to Patrick De Haan, an oil and gas analyst who tracks pump supply."We're hearing troubling reports of price gouging for essentials that are necessary for people to get out of harm's way — from hotels to groceries to gas," Federal Trade Commission Chair Lina Khan said in a statement Wednesday.
Several major airlines and retailers have told CNBC in recent days that they froze prices in advance of the storm."Once we have any emergency situation, all of our prices are freeze," Kelly Mayhall, president of Home Depot's Southern division, told CNBC on Wednesday.
Hurricane Milton was moving through the Gulf of Mexico as a Category 4 storm early Wednesday afternoon, and was expected to hit the western Florida Gulf Coast sometime between 10 p.m. and 2 a.m. ET, according to NBC News meteorologists.
Justice Department Joe Biden Federal Trade Commission Hurricanes Personal Finance Weather Natural Disasters Environment Florida United States Securities Fraud Politics Breaking News: Politics Products And Services Consumer Prices Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justice Department, FTC warn consumers of fraud, price gouging risks ahead of Hurricane MiltonAs Hurricane Milton approaches landfall in the U.S, the Biden administration is warning consumers of the risk of fraud and price gouging.
Read more »
Hurricane Milton becomes a hurricane as it approaches FloridaMilton becomes a hurricane as it moves toward the west coast of Florida.
Read more »
Florida braces for Hurricane Milton after Hurricane HeleneFlorida Governor Ron DeSantis has declared a state of emergency in 35 counties as Tropical Storm Milton intensifies into a Category 1 hurricane and threatens the Sunshine State. The storm is expected to strengthen into a major hurricane before making landfall on the West Florida Coast by midweek, bringing with it the risk of life-threatening storm surge and high winds.
Read more »
Hurricane Milton becomes a hurricane as it approaches FloridaMilton becomes a hurricane as it moves toward the west coast of Florida.
Read more »
Mobile Fire-Rescue prepares for Hurricane Milton days after returning from Hurricane HeleneFirefighters went to North Carolina to help with recovery efforts after Hurricane Helene
Read more »
Hurricane Milton Threatens to Exacerbate Economic Woes Following Hurricane HeleneFlorida braces for another major storm as Hurricane Milton approaches, potentially causing billions in damage and disrupting supply chains, particularly the agricultural sector.
Read more »