The state legislature passed an anti-gouging bill this year that would apply to retail gasoline sales as well as the sale of other goods and services.
House Bill 1251 was sent to Gov. Bill Owens this month. He has until June 7 to sign the bill, veto it or let it become law without his signature.
Owens spokesman Dan Hopkins said Monday that the governor hasn’t made a decision on the bill.
The measure makes it illegal for retailers to raise prices more than 10 percent above their costs following emergencies declared by the governor.
Colorado has laws against collusion and price fixing, but as of the beginning of the year, it was one of 22 states that didn’t have an anti-gouging law.
Colorado Attorney General John Suthers said in April he wasn’t sure whether the bill would become law because it is opposed by some business groups, including the Denver Metro Chamber of Commerce.
The bill calls for fines of up to $10,000 a day.
