Go Biden!
Posted on 05/13/2021 10:28:42 AM PDT by ChicagoConservative27
A gas station in Richmond, Virginia, charged customers $6.99 a gallon Tuesday not long after the governor declared a state of emergency because of the Colonial Pipeline ransomware cyberattack that caused gasoline shortages.
According to WTVR, Lether Kerney, who pulled up to the BP gas station on Williamsburg Road, said, “It was a lot of people there, no one looked at the price.”
(Excerpt) Read more at breitbart.com ...
I suppose people with trunks full of gas cans to fill, in addition to their vehicle....will now stop.
Ah yes the no gouging brigade. It’s so wonderful - Price gouging laws for gas end up translating to “no gas”.
...so people who REALLY NEEDED gas could get it there, and people who wanted to hoard gas could wait in line for hours at other gas stations.
Sounds like win-win to me.
Any dumbass invoking the term “price gouging” has a moral obligation to first certify they have never sold anything they own for a profit higher than approved by The Squad.
Biden’s Gas Lines like Carter Gas Lines.
I have no problem with any business person charging whatever they want. If too high, the customer will go somewhere else, the essence of free markets. However if a business person conspires with other dealers to maintain a high price level, or if he buys up all the businesses in the area, then that should be a crime.
A gas station in Richmond, Virginia, charged customers $6.99 a gallon Tuesday not long after the governor declared a state of emergency because of the Colonial Pipeline ransomware cyber attack that caused gasoline shortages.
Thanks to Susan Rice aka the real president and her puppet Xidden Joe.
What is “price gouging?”
When someone doesn’t charge a price set by the government?
The solution for you is simple; if you don’t want to pay the asking price, go somewhere else that has the price you believe the price should be?
Without “price gouging” you won’t find any to purchase anyway.
Walt Williams, one of many columns on such topic.
http://jewishworldreview.com/cols/williams102418.php3
And what about that “fat” guy? did Biden and that guy ever have their push up contest?
Go Biden!
>>Economics 101, i.e. the law of supply and demand.<<
There is also the law of getting ones @$$ beat for price gouging during a state of emergency. Juss sayin
Actions do have consequences...lol.
That kind of legislation just illustrates why people who have never run a business especially and particularly have no business in government either.
A business has to price their wares at replacement cost, not purchase price. Business 101
“Price gouging” sounds bad, but who gets to decide what, and when, under what conditions this ocurs? Idiot legislators, that’s who.
In a free market, the “solution to high prices is high prices.” A corrolary is when there is scarcity of an itsm, it becomes profitable to supply it. There is an incentive.
A good example are portable generators. After a hurricane or flood or other disaster locally, you can’t find one for love or money. A motivated person who lives in another state can purchase 25 of them, load up his truck, drive to the affected locale and sell them immediately. Everybody is happy. “Anti Gouging” laws make this kind of thing illegal. What happens now? Well people sit in the dark, or can’t pump floodwaters out, the food in their freezer spoils, etc. The people who passed the “Anti Gouging” law? They ain’t doin’ shit, because none of this affects them.
Yes, at a profit. Why would he do it otherwise? This is the Achilles Heel of non-business types. It’s easy to be generous with other people’s time, money, and resources, but good feelings don’t get it done. They might have their heart in the right place, but good intentions don’t get anything done either.
People who don’t understand business or the free market just create untold misery and hardship. Price controls don’t work.
I’d stand up for the free market. The station can charge what the market can bear. Jo one has a right to gas, much less a fixed price.
While he gropes some little girl or boy.............
“Good, someone who understands basic economics. I bet everyone bought just enough gas for the next couple days.”
The only way to ration an essential commodity during shortage is via price.
It’s the only way to stop the hoarding.
No argument on your first point. My point was moral not economic - if someone wants to engage in “price gouging” their customers can go elsewhere - usually; thought I have moral qualms about someone doing that.
But not sure I agree totally with your second part. (1) It would have to be proven dealers conspired to restrain sale of supplies without an agreed on higher price - usually hard to prove. (2) Though I agree it would be unethical, not quite sure about writing laws that try to say it is “illegal’. Once exposed, I think customers can apply their own decisions to deny such dealers their business, causing them loss of “good will”.
Up at our cabin there was an old gal that kept a little market open year round so people didn’t have to drive the 30 minutes into town for something.
While it was way more expensive I would always stop in and buy some small items to help keep her in business and to chat. (I was early 20’s - she was in her 80’s).
She said one young gal started giving her a real hard time about the price of a six-pack of soda, and how it was half the price in town.
The old gal took the six-pack from the girl and told her to leave. She can drive into town for it!
It’s a topic that drives me crazy. One of the areas that FR really disappoints. Only about 50% here seem to understand that price signals control consumption, limit hoarding, and ensure that those who really need something will have it.
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