NC gas station accused of gouging slashes price

HIGH POINT, N.C. (AP) -- Owners of a High Point gas station accused of price gouging have slashed prices and pumped dry their tank of regular gas.

The owners of Grand Central Express say they're trying to tell their story and restore faith with customers.

Jerry and Anita Swink were among several gas station owners subpoenaed by the North Carolina Attorney General's Office after gas prices rose sharply as Hurricane Ike bore down on the Gulf Coast and its refineries.

Anita Swink said Thursday her station's price has been cut to $3.38 a gallon to match the latest wholesale price, and customers pumped 4,700 gallons.

Jerry Swink said the station sold gas for $5.63 a gallon last week after the supplier raised the wholesale price from $3.21 a gallon to $5.33 with taxes, delivery costs and profit.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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