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re: Price gouging laws predictably lead to shortages

Posted on 8/31/17 at 8:17 am to
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 8/31/17 at 8:17 am to
quote:

I can recall after Katrina some gas stations raising prices to as much as $5.00 a gallon (the average was around $1.5 at the time I think). When people are hit at their most trying time and have just lost everything, the last thing one should do is force them to pay a premium for something as essential in the aftermath of a storm as gas.


Except it is more expensive / takes more effort for companies to move new supplies of gas into an area of disaster. If you were running those companies would you just take a loss or not ship the fuel in at all? How do the residents beneift if NO fuel is available?
Posted by Maniac979
The Great State of Texas
Member since Jan 2012
1906 posts
Posted on 8/31/17 at 8:43 am to
How bout some of you economic geniuses postulate on hotel rooms.
Posted by ibleedprplngld
Lafayette, LA
Member since Jan 2012
4387 posts
Posted on 8/31/17 at 8:54 am to
quote:

Except it is more expensive / takes more effort for companies to move new supplies of gas into an area of disaster. If you were running those companies would you just take a loss or not ship the fuel in at all? How do the residents benefit if NO fuel is available?


I like to think that the best in people comes out when there is a disaster like Harvey. As a business owner myself, not a gas station though, I like to think that I would do what I could, and have in the past, to help out the community and make things a little easier for those in need. So yes, I would take the loss.
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