Price gouging in Florida

[Benton]

(10-07-2016, 11:39 AM)NATI BENGALS Wrote: I would say it is unethical. I dont see why it would be illegal though. Supply and demand. Isnt that what they teach in econ 101? High demand low supply. Price goes up.

My stance on price gouging has changed a bit the last few years.

We've had some unexpected bad winters. At least two snowfalls that pretty well shut down my area each year for 3-5 years. And right before it happens, you can't get into a gas station because everybody has a generator and everybody has 17 gas cans they "have" to fill up to make it 2-3 days in case the power goes out. And you can't get into a grocery because everyone can't go 2-3 days with 4 gallons of milk, 70 bottles of water, 12 lbs. of bacon, 10 bags of Lay's, and four loaves of bread.

It goes back to the ice storm we had a decade or so ago. People were unprepared because we didn't normally have weather like that. So their answer now? Hoard. Make sure you get all the gas, water, food, etc., in case you have to go 10 hours without Netflix or a bacon and mayonnaise sandwich. Which strains the rest of the network.

I don't agree with 4-5 times increases, but I'm a lot less against doubling prices.