An article by Tom Elliott in the New York Post is highly critical of the AG's "price gouging" enforcement efforts. Apparently it's no defense for a station under the state's law that it may have set its gas price to match the competition's, or that it based the price on the anticipated cost of replacing the gas in a period of rapid price hikes. More: Sept. 14 and Sept. 23, 2005. Incidentally, David Weigel at Reason "Hit and Run" refers to Spitzer as "the Lawsuit That Walks Like a Man".
Spitzer vs. mom-and-pop gas stations