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News > Economy
Gas prices stable
September 13, 2001: 9:22 p.m. ET

Fears of price gouging unfounded, says AAA
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ORLANDO, Fla. (CNNfn) - Gas prices nationwide have risen only eight-tenths of a cent since the terrorist attacks in Washington, New York and Pennsylvania Tuesday, according to the American Automobile Association.

The finding should calm fears of nationwide price gouging -- and isolated reports of individual gas stations hiking prices to $5 per gallon -- which surfaced immediately after the attacks Tuesday morning.

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"This barely perceptible rise to $1.541 per gallon indicates motorists and nearly all gasoline stations have reacted calmly and responsibly with regard to fuel consumption and pricing," said AAA Vice President Susan Pikrallidas.

The reports Tuesday of price gouging drew the condemnation of several public officials. The Department of Energy set up a telephone hotline to report instances of rapid price hikes, but there were very few responses. graphic





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