Local

D.C. Gas Station Denies Price-Gouging Accusation

View Comments
gas generic, pumpwatch, gas hike, gas prices, gas

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

WASHINGTON (AP) — A businessman who owns nearly half of all gas stations in the District of Columbia is defending himself against an anti-trust probe.

The D.C. attorney general’s office is investigating Joe Mamo and his company, Capitol Petroleum Group of Springfield.

The office wants to know how much Mamo has paid refiners for the gas he’s bought and how much he’s sold it to dealers for.

Mamo says he welcomes the investigation. He tells The Washington Post that his prices are reasonable and that his own profits have taken a hit because of the recent rise in gas prices.

Mamo leases service station properties to independent dealers who set their own prices but who are also required to buy gas from Mamo’s wholesaler.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 3,296 other followers