By: Mary Kaplan
Sad to think that price gauging happens to people recovering from a disaster. I guess greed exists in certain people, and they are unable to feel compassion for the victims. Isn’t this the definition...
View ArticleBy: qixx
Working for a retail outlet i see this as a much different situation. One of our biggest sellers when storms come are generators. We can get these delivered very quickly after a storm. This however...
View ArticleBy: DonnaFreedman
I’m with Mary Kaplan: It’s disappointing to think of people marking up the price of bottled water or whatever because they have customers over a barrel. There was a big windstorm in Anchorage in...
View ArticleBy: Thomas S. Moore
Kind of in between on this one. People who are just charging more simply because they know people are willing to pay or have too are just evil. But then there are times and places where you just cant...
View ArticleBy: SteveDH
Price gouging is a sad commentary on our society but there are an equal, if not larger, group that go out of their way to help. After Hurricane Wilma, Home Depot and many others opened their doors even...
View ArticleBy: Kurt @ Money Counselor
I think you may misapprehend how products are priced. Price does not equal cost + a fixed profit margin. Price equals the seller’s perception of the maximum value at which a product will sell the...
View ArticleBy: Luke Landes (Flexo)
I didn’t get into the particulars of product pricing in the article, but I certainly didn’t say products are priced with a fixed profit margin in mind. I agree with you, market forces as perceived by...
View ArticleBy: jim
I’m honestly in between on this one. Yeah I get that some evil capitalist gouging people to take advantage of a disaster is bad. But on the other hand… would you rather have expensive gasoline and...
View ArticleBy: Aaron
I drive past that gas station every day on Rock Creek Parkway. It’s a great picture for the post, but the funny thing is that their prices are always extraordinarily high, like $1-$2 a gallon higher...
View ArticleBy: Investor Junkie
This article presupposes that price gouging is bad. Two comments to make on this: 1. You as the consumer if you do not like the fact a company is gouging would you use them during regular times? You do...
View ArticleBy: mbhunter
If you disallow price gouging, you cause shortages. Why not give people the freedom to sell at what the market will bear? The people who should win, do win: the gas station owners, and the highest...
View ArticleBy: Luke Landes (Flexo)
That might be fine in most circumstances, but it causes problems when the resource is a public need, like fuel for heat, transportation, food, and shelter. The result of the free market when...
View ArticleBy: Investor Junkie
Increases in prices cause an increase in profit which then allows others to get into the game they may of not before because the profit margin was so low. Therefore helping everyone. Or existing...
View ArticleBy: Caroline
A new store opened in the Town of Bergen NY. I thought I would pick up a (1) Gallon of milk. I was Charged $3.99. I will not buy another gallon of milk there when I can go to Wegmans in Brockport NY...
View ArticleBy: john varner
i live in gapmills wv and i see the gas prices dropping under 2 dollars but there is a store up the road from me and they never drop there gas it’s still 209 a gallon and every place else is 196 a...
View ArticleBy: Joseph Suozzo
I was recently charged $2,708.35 (tax not included) for an auto repair that, I believe, should not have exceeded $500. What redress available? Is this simply grand larceny, price gouging, or both?
View ArticlePrice Gouging: How to Know and What to Do
Price gouging is often a problem after natural disasters, but what appears to be gouging might not always be a plan by unscrupulous business owners to take advantage of needy consumers. During regular...
View ArticlePrice Gouging: How to Know and What to Do
Price gouging is often a problem after natural disasters, but what appears to be gouging might not always be a plan by unscrupulous business owners to take advantage of needy consumers. During regular...
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