How are those gouging laws working out? (gallon, gasoline, how much)

[Frank DeForrest]

Many gas stations have long lines or are entirely out of product.
The ability to raise prices in the face of increased demand encourages conservation along with discouraging casual purchases and hoarding.
It also removes the profit motive that drives quick resupply.
Exasperation builds on Day 3 in storm-stricken NYC - Yahoo! News

With the electricity out and gasoline supplies scarce, many gas stations across the New York area remained closed, and stations that were open drew long lines of cars that spilled out onto roads.

[whogo]

Yep, if they were charging $10 a gallon everyone would have the gas they need to get through the emergency.

[newtoli]

limiting it to 5 gallons a person would work out much better than making it $10/gallon.

[TrapperJohn]

I thought they all wanted $10 gas - like Europe? Suck it up, boys.

[newtoli]

$10 gas would not ease the demand in my neighborhood. There's simply not enough gas stations with power. Thats the isdue.

[Frank DeForrest]

Originally Posted by newtoli

limiting it to 5 gallons a person would work out much better than making it $10/gallon.

So that someone who has the money and genuine need can't purchase enough?
Does nothing to address the profit motive for resupply either.

[newtoli]

Originally Posted by Frank DeForrest

So that someone who has the money and genuine need can't purchase enough to get out?
Does nothing to address the profit motive for resupply either.

no matter how much profit theyre making, they cant resupply fast enough. there are not enough stations with power, thats the issue.

[newtoli]

something like 80% of stations are closed w no power here in nj

[Frank DeForrest]

Originally Posted by newtoli

no matter how much profit theyre making, they cant resupply fast enough. there are not enough stations with power, thats the issue.

Let them profit and they'll be creative. Ever hear of a generator?

[newtoli]

Originally Posted by Frank DeForrest

Let them profit and they'll be creative. Ever hear of a generator?

believe me, if they had them, theyd be open and profiting right now.