re: Just once it would be refreshing for a Republican governor to oppose ‘Price Gouging Laws’

Here is why you are wrong.

Price gougers are worse than just raising the prices of their own stock.

The Pajeets, Punjabis, and Arabs go to HEB/Walmart etc and buy up all the milk and other supplies they can, then sell it in their shops at 2x/3x the price.

And as we have been finding out all across the nation like in Minnesota, and California, Maine, and New York....these people use food stamps that have been issued to them or their family members, to stock up their "convenience stores"

Frick them. They can all go to Hell. Fracking immigrants coming into my country, and trying to screw over Heritage Americans.

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Your post implies that you think people have a right to purchase products at a reduced price because…it takes a village? They want it? Some reason.

It appears to me that you want the government to step in and bail out those that weren’t prepared or want to be comfortable.

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Price gouging happens BEFORE supply can increase. The supply increase always happens and prices come back down.

It’s the pack of water already in the store that costs $4 yesterday and $24 today, by the time the next shipment arrives it will be down to $4 again.

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Exactly.

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And what risk is a gas station owner taking when he is sitting on 7000 gallons of gasoline and decides to double the price in a natural disaster?

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The gas station sets a higher price so he has higher margins. The reason being that he will offer more money for a fuel truck to risk being damaged or delayed by storm impacted roads to resupply his station vs selling out all of his initial supply and then not getting another truck until conditions improve.

The gas doesn’t magically appear in the buried tanks at the station. Gas has to be trucked in. During dangerous conditions, trucks go where the money is or where the danger isn’t. If the truck gets the same price driving across potentially flooded streets filled with debris to resupply a station lacking electricity as it does supplying literally any other gas station. It’s not going to risk damage to the truck or the life of the driver to make that delivery. However, if the truck driver sees an opportunity to make double the usual amount because a station is offering double to brave the conditions (and can afford to do so because they’re charging double to the customer), more truck drivers will be willing to take the risk and make the trip to resupply.

Higher prices mean both that the “hoarded” supplies won’t run out so fast, and that disruptions in supply will be ended sooner because of the additional profit incentive to sell goods at inflated prices in a disaster zone.

If I have a truck and can can buy 8 generators for $2k/piece in Kentucky and sell them for $4k/piece in Florida after a hurricane knocked out power for 10 million customers, I’ll make that trip to turn a quick buck.

However, if I can only charge the same $2k in storm ravaged Florida that I can buy them for in Kentucky, why risk my truck or waste my time?

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The gas station sets a higher price so he has higher margins. The reason being that he will offer more money for a fuel truck to risk being damaged or delayed by storm impacted roads to resupply his station

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kingbob

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you wrote out this whole long post without ever even digesting the theme of my post.

Also, gas stations without power don’t sell gas.

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Price gauging is good, actually, because the incentive for profit causes suppliers to take risks to alleviate shortages during supply interruptions rather than simply wait out the dangerous situation.

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These small govt conservatives would rather entirely rely on generosity / charity and govt.

No, I understand it very well.

And I'm 100% certain that anti price gouging laws do absolutely nothing to help people in need. In fact, it makes things worse.