september 11, 2001 attack opportunists

There were isolated cases of commercial opportunism following the September 11, 2001 attacks and subsequent 2001 anthrax attack. Perhaps the most widespread accusation of opportunism was over gasoline price hikes that occurred across the United States.

Gasoline price rises

Immediately following the September 11, 2001 Attacks, rumors of skyrocketing gasoline prices led to a consumer panic in the United States; in the evening, long lines appeared at gas pumps in many areas of the country. Some gas stations ran out of fuel by the next morning. Authorities quickly stepped in to enforce price gouging laws and gasoline quickly returned to prices in line with the price of crude oil which rose slightly after the attack. In Iowa, prices were rumored to reach $4.65 in the Quad Cities area, up from a typical range of $1.60 to $1.80 per gallon the previous weekend. The governor and attorney general issued statements to the effect they would investigate and prosecute instances of unreasonable price increases, and urged consumers to be calm. Penalty applied for gouging was $1000 USD fine if price exceeded $2.00 per gallon. In Michigan some isolated gas stations briefly hit over $5.00 a gallon however the state attorney general vowed to prosecute for price gouging anyone charging over $2.00 a gallon. Some gas stations sold out of gas on the first night after the attack. In Illinois, state attorney general Jim Ryan filed suit against convenience store chain Casey's Inc., for price gouging. The company faced a maximum penalty of $50,000 per offense if found guilty. Casey's subsequently offered refunds to customers. In Minnesota, state officials declared there was no price gouging because people were willing to sit in hour long gas lines for 3 gallons of $5.00 gas. Some people were even filling up 30gal barrels with gas because of what people viewed as a possible shortage. Cases were reported in Indiana, Virginia, Kansas and Missouri also. At least in Missouri it caused a run on gas for a few hours due to local radio who reported the few isolated cases (giving them the name "shock jocks"). Which came first, the reports of price gouging or the price gouging?

Other opportunism

Several people fraudulently collected benefits for people who did not exist or engaged in other scams. At least $2.5 million was fraudulently taken. Following the anthrax attacks, sales of Cipro and gas masks exploded, with e-mail spam from mail-order companies fanning fear to prop up sales. Critics of the airline industry bailout considered that to be a form of illegitimate opportunism. In a sign that 9/11 related frauds are still going strong, in October 2004, New York attorney general Elliot Spitzer began legal proceedings to stop the National Collector's Mint from selling coins commemorating the attacks. Their national TV commercials say that the coins are made of almost pure silver recovered from the basement of the World Trade Center; Spitzer claims that he has reason to think that all points of these statements are false. See also Misinformation and rumors.

External links

Story on anthrax spam
A LINGERING LEGACY: Nothing Is Off Limits to Fraud, The New York Times, January 5, 2002

<< Previous

Word Browser

Next >>

september 13
square
september 11, 2001 attacks
scanning electron microscope
casualties of the september 11, 2001 attacks
persons missing after the september 11, 2001 attacks
survivors of the september 11, 2001 attacks
timeline of the september 11, 2001 attacks
organizers of the september 11, 2001 attacks
closings and cancellations following the september 11, 2001 attacks
september 11, 2001 attack memorials and services

background history of the september 11, 2001 attacks
non american casualties of the september 11, 2001 attacks
slogans and terms derived from the september 11, 2001 attack
september 11, 2001 attacks timeline for october
timeline for missing persons following the september 11, 2001 attacks
september 11, 2001 attacks timeline for september
detentions following the september 11, 2001 attack
sac
strategic air command
scheme programming language
society for psychical research

sniper
sidney lamb
stratification linguistics
steven d. jacoby
sign
standard alphabet by lepsius
sidehill gouger
strike
second vatican council
slovenian language
slovak language