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Message
re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:17 am to ibleedprplngld
Posted on 8/31/17 at 8:17 am to ibleedprplngld
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 on 8/31/17 at 8:43 am to weagle99
How bout some of you economic geniuses postulate on hotel rooms.
Posted on 8/31/17 at 8:54 am to weagle99
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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