I disagree.The night after 9/11,local gas stations jacked their prices up to 6 to 8 dollars a gallon.If that’s not gouging the public,you tell me.
“I disagree.The night after 9/11,local gas stations jacked their prices up to 6 to 8 dollars a gallon.If thats not gouging the public,you tell me.”
what if you really needed gas and all the stations had no fuel because of a run on gas, except for the one station charging $8 a gallon.
if you needed it, you would buy it, and be grateful you could get it at any price.
When GA froze gas prices during a shortage, I couldn’t get any gas - because the prices were still low enough people could buy it up. I’d rather prices be high (in accordance with supply-and-demand) so only those truly willing to pay what it was worth could get it. Yes, under some conditions I’m willing to pay $20/gal...and letting it go for that price assures there is some available.
There is no such thing as price gouging. There is, however, covetous greed.
Casey's General Store had a right to jack their prices to $6 per gallon the day after 9/11 and I had every right not to buy it. I haven't been back since, not even for a pack of gum and I never will.
It’s not. It’s the free market. When the demand exceeds the supply prices have to rise to dampen demand. WHy not get pissed at the hoarders?