According to Texas Attorney General Ken Paxton the state received numerous complaints of price gouging since Harvey initially made landfall Saturday.
â€œWe had hotels charging seven or eight times what theyâ€™re supposed to, or their normal rate, weâ€™ve had food places charging five times what they should for bread, water being charged $100 a case,â€ Paxton told the FOX Business Networkâ€™s Stuart Varney on Varney & Co.
But the Attorney General says the stateâ€™s crackdown has been effective, telling Varney, â€œThe number of complaints coming in has actually declined significantly. We had a lot in the first day on Saturday, itâ€™s gone down a lot.â€
Paxton explained that the rule of thumb for officials is to investigate price increases greater than 10%.
â€œWeâ€™re not going to go after somebody that has a reasonable price increase, especially when we know gas prices are going up. We will go after somebody thatâ€™s charging $20 a gallon which we had an example of recently.â€