[Night Hides Not]

Economics 101, i.e. the law of supply and demand.

[cuban leaf]

Yep. I don’t blame them.

[Responsibility2nd]

Supply and demand? Or price gouging?

[2aProtectsTheRest]

Exactly what it is. Those who need gas the most will pay the extra and supplies will remain available. The alternative is price fixing, which leads to shortages. If the price rises during the supply crunch, the resource remains available. Without that signal, the market will simply drain the remaining supply and then nobody will have any gas no matter how badly it’s needed.

[TimSkalaBim]

These shrewd players were ahead of their time:

[shotgun]

If the gas station owner filled his tanks after the spot price at the distribution plant went up, it’s justifiable. If they didn’t and the fuel in their tanks was purchased at the older spot price then this is the definition of price gouging.

I’ve bought hundreds of thousands of fuel in my career and the mark up is usually 7 cents over the spot price.

[mewzilla]

https://bobsleanlearning.wordpress.com/2017/09/06/price-gouging-hoarding-and-the-economics-of-disaster/

[servantboy777]

>>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

[xzins]

Artificial intentionally created shortage to serve a political agenda.

A mere 125 days ago supply was everywhere. What happened?

Someone’s plan happened.