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I get what you're saying - I really do. I understand that people simply couldn't imagine what was coming, but I'll say this. I don't live in a flood zone but there's a creek near my house. If the weather forecast was for 40 to 50 inches of rain in the next 72 hours, I'd get the hell outta Dodge.
Whatever happened to individuals making their own informed decisions? Is that a lost art now?
But back to the topic of price gauging - I think it's individually repulsive and I think in a disaster area it should be outlawed.
my nephew finally evacuated- the area flooded after it stopped raining- in a NON flood zone-- wifey ready to deliver- due the 10th - he did not want to try earlier because cars were running out of gas on the road full of a million cars trying to get out of dodge--with flash flooding and heavy rains--
you get that right?
PS the kids have money - grad form carnegie mellon and she's reg nurse- so able but plans did not go well
We suffer as a whole and many suffer more. For example, there's no gas around town. What's the incentive for others to ship us gas faster than they normally would? If I didn't gas up before the hurricane, I would be stranded at home.
The economic incentive is the normal profit from the sales that will produce.
And the desire for goodwill and human compassion. Emergency supplies and personnel aren't rushing to the region because the providers stand to make double profit but because of human compassion and empathy. Citizens didn't create an armada of rescue boats because they were making money, in fact their gas expenses weren't even covered. Everything is not solely based on "what's economically best for me" else there would be no such thing as donations of time, money, supplies, and blood.
"Problems during the Siege of Paris (1870–1871), which critics attribute to price restrictions, are often held up as another example. With price gouging laws in place, producers are only able to charge a price set by law, and therefore have little additional incentive to increase supply to adversely impacted areas. If producers are able to make extra profit, these theorists argue, then they will increase the supply. It is claimed that these laws lead to after-market operations as consumers with the lowest opportunity costs buy up desired resources and attempt to resell them to public at higher prices."
This is your "data"? Critics attribute. Theorists argue. It is claimed. All this "wiki" represents is the rantings of the lunatic fringe like yourself.
Why is that a Airline ticket can cost 500 bucks during "peak season" or an NBA ticket to watch some Grizzlies cost few 100's and .01 % savings rate and 25% interest for CC loans??
Looks like supply&demand, market determination are only for corporation and not for some poor Hispanic corner store owner.
In Houston a lot of non flooded houses went up in price. Whats that called??
Quote:
Originally Posted by Frank DeForrest
Uber rides are more during peak...darn gougers!
The difference is these are situations where you have a choice. I can choose to fly during peak season or choose to stay home because I can't afford it.
I have seen people drive to gas stations with canisters to put gasoline into as well as top off the truck... normal gas prices will encourage that behavior... high prices deter people from getting more than they need and allows OTHER PEOPLE to get what they need... If it cost $20/gallon, then I make sure to get enough to where I am going where prices are normal... Next disaster and prices are normal, are you going to complain that there wasn't enough for everyone? You can't have it both ways...
The place needs to be burned down for charging that much.
How about this? The sign says $2 gas but there is no gas? You'd willingly pay $50 a gallon if you and your family were stranded with flood waters at the door sills.
Don't have a fam and would not be out on the road anyways in that mess jess to even have to buy gas.
Prices can change daily (sometimes more than once) with gasoline, there is no "going rate" other than what the street decides ( supply and demand).
There are exceptions. I understand from your posts that you are some kind of libertarian which kind I dont know, that whole spectrum is more complex than gender. If you were a patient that was brought to an emergency room you were in some kind of anaphylactic shock, at that point should the emergency room apply the same supply and demand theory? If you dont take a shot you might stop being able to breath but you are free to go to another hospital and pay less for an epipen, should the hospital be able to charge you more, because you would likely pay any amount of money you can get your hands on. That is why in general price controls exists when it comes to inelastic demand.
I would say this there is also another side to it, that gas station most likely wont be able to get replenished for obvious reasons, there should be some kind of mechanism that makes them whole
The economic incentive is the normal profit from the sales that will produce.
And the desire for goodwill and human compassion. Emergency supplies and personnel aren't rushing to the region because the providers stand to make double profit but because of human compassion and empathy. Citizens didn't create an armada of rescue boats because they were making money, in fact their gas expenses weren't even covered. Everything is not solely based on "what's economically best for me" else there would be no such thing as donations of time, money, supplies, and blood.
The normal incentives would result in normal speed which in turn causes suffering and dead in a disaster.
Not sure why it's so hard to understand.
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the area flooded after it stopped raining- in a NON flood zone-- 
wifey ready to deliver- due the 10th - he did not want to try earlier because cars were running out of gas on the road full of a million cars trying to get out of dodge--with flash flooding and heavy rains-- 
