The case for price gouging

Discussion in 'Politics' started by Quantum Windbag, Nov 2, 2012.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    Imagine a world where we actually had a free market and people could get what they need.

    Gas lines in New Jersey: The state needs more price gouging.
     
  2. uscitizen
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    uscitizen Senior Member

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    The state needs generators at the 80% of gas stations without electricity but tanks full of gas.
     
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  3. occupied
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    occupied Gold Member

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    This message brought to you by the petroleum industry, proudly gouging and fixing for a hundred years.
     
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  4. uscitizen
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    uscitizen Senior Member

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    I wanno know why the gas companies price gouged me .40/gal for the storm?
    Was 3.09 went to 3.49 overnight with the storm.
    I get no oil products from the NE.
     
  5. Plasmaball
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    Plasmaball Gold Member

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    Ok this isnt a free market problem.....
     
  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    I know, it is a government regulation problem. In a free market there would be gas in New Jersey.
     
  7. Plasmaball
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    Plasmaball Gold Member

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    no, not really, but keep trying.
     
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  8. uscitizen
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    uscitizen Senior Member

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    huh?
    There is gas in NJ. the problem is that that about 80% of the gas stations have tanks of gas but no electricity to pump it.

    Tell me how a free market would change that?
     
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  9. g5000
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    g5000 Diamond Member

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    If you allow price discovery, then entrepreneurs would find ways to deliver gas to the affected area. You would be buying gas out of the back of some guy's truck instead of at the limited number of retailers who have power. It might cost more, but you wouldn't be waiting 4 hours in a gas line like people are now. How much is four hours of your time worth?

    Since the price of gas is being suppressed, there is no profit motive for go-getters.

    .
     
    Last edited: Nov 2, 2012
  10. Plasmaball
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    Plasmaball Gold Member

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    um no.....
     

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