FlyingTexan
Topic Author
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Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:41 am

One MSNBC journalist reported she paid $35 for a 5 gallon container of gasoline. She also reported several merchants have set up shop on the side of the road offering similar deals.

The Louisiana Attorney General’s office has set up a toll free number to report price gouging.

MSNBC also said there are reports of hotels price gouging.

[Edited 2005-08-31 21:43:54]
"Wouldn't your boss like to fly home nonstop at 4:30 on a Friday afternoon?" -Airline Exec to Congressional Staffer
 
andz
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:43 am

Ah...capitalism......and the age old rule of supply and demand.....if people refused to pay it, the price wouldn't be that high.
After Monday and Tuesday even the calendar says WTF...
 
ScarletHarlot
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:45 am

Quoting Andz (Reply 1):
if people refused to pay it, the price wouldn't be that high.

I am sure that if people had a choice, they wouldn't pay it. But when your choice is no water, no food, no shelter, or $7 per gallon of gas, I'm sure most of us would pay the $7 if we could.
But that was when I ruled the world
 
prosa
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:48 am

Many states have laws against price gouging during declared emergencies. Not sure if Louisiana is one of them.
"Let me think about it" = the coward's way of saying "no"
 
N1120A
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:53 am

Quoting PROSA (Reply 3):
Many states have laws against price gouging during declared emergencies. Not sure if Louisiana is one of them.

There are federal laws against price gouging, so it really wouldn't matter so much. I am sure, however, that Louisiana has state laws forbiding price gouging
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Matt D
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 4:55 am

So how is this any less ethical than-say-charging $2000 for a last minute walkup fare for a ticket from LAX-EWR versus someone paying only $249 for the exact same ticket three weeks earlier?
 
erikwilliam
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 5:04 am

Quoting Andz (Reply 1):
Ah...capitalism......and the age old rule of supply and demand.....if people refused to pay it, the price wouldn't be that high.

if there was normal conditions of pressure and temperature, not in this case is it?

Quoting Matt D (Reply 5):
So how is this any less ethical than-say-charging $2000 for a last minute walkup fare for a ticket from LAX-EWR versus someone paying only $249 for the exact same ticket three weeks earlier?

this is an tragedy, not some bussiness traveler going to NYC and close a 10milion dolar deal.
Pretty damm easy to make money out of others misfortune, but not nice at all.
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N1120A
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 5:05 am

Quoting Matt D (Reply 5):
So how is this any less ethical than-say-charging $2000 for a last minute walkup fare for a ticket from LAX-EWR versus someone paying only $249 for the exact same ticket three weeks earlier?

Flying LAX-EWR is not a necessity, while getting gas to drive out of a hurricane stricken area is. Hence price gouging laws are only in effect when there is an emergency. Beyond that, I got a RT ticket out of MSY on Saturday for $258. I booked it about 3 hours before my flight took off
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
Pope
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 5:12 am

Let's not all rush to judgment here and read what the post says"

Quoting FlyingTexan (Thread starter):
she paid $35 for a 5 gallon container of gasoline

".

Does this mean that the 5 gallons came in a gas can?

If so the price for the whole package isn't that far out of line.

$2.85/gallon x 5 = $14.25; cost of the container is then implicitly $20.75

Expensive yes. But last week I bought a 5 gallon gas can at Home Depot (with no threat of a storm in our area) for $12.99.

In Florida, I believe the gouging statute sets a 40% change in price as the per se standard for gouging but it can still be established at lower thresholds if the fact support it.

(12.99 + 14.25) x 1.40 = $38.14 which is greater than the $35 she paid and therefore not per se gouging.
Hypocrisy. It's the new black for liberals.
 
Matt D
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 5:36 am

Point taken about 'emergency' and 'necessity', although I don't necessarily agree.

Pretty damm easy to make money out of others misfortune, but not nice at all

Like the old saying goes: "Wherever someone made a fortune, someone else suffered MIS-fortune."

No one ever said Capitalism or business is 'nice'. That's just the nature of the beast. Price gouging may be of questionable ethics, if not downright chickenshit. But that's what business is all about. The government has no business sticking its nose into pricing matters such as this. If they disapprove, let THEM come in and ration out supplies. Otherwise, if a gas station can get away with charging $20 per gallon, said proprieter should have that right.
 
Pope
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Thu Sep 01, 2005 6:55 am

Quoting Matt D (Reply 9):
Otherwise, if a gas station can get away with charging $20 per gallon, said proprieter should have that right.

If you had a brain tumor that could only be cured with a certain medicine that cost $1.00 per dose, should a company be able to charge you $1,000,000 for it?
Hypocrisy. It's the new black for liberals.
 
MD-90
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RE: Katrina - $7 A Gallon Gas And Other Price Goug

Thu Sep 01, 2005 8:35 am

Between $7/gal gas and no gas at all, I'll take the $125 it would cost to fill up my tank.

Here's an example. There's a terrible hurricane, and in the week afterwards, when no one has power, the price of a bag of ice shoots up to $10, because the hurricane hit genuinely free states.

Believe it or not, $10 for a bag of ice is just, if that's the market price. People who really need ice, such as people who must keep medicine cool, will be able to buy it because many people won't be willing to pay that price, and because merchants will have a serious incentive to import or make ice, because of the profit margin. If the state had no-gouging laws, then the $.99 bags of ice would most likely quickly be sold, and the sellers wouldn't have particular incentive to restock, except out of the goodness of their hearts. Thus, people who really needed ice (unlike someone who just wanted to cool down his beer), would most likely not be able to get any. And that would be misfortunate.

Quoting Pope (Reply 10):
If you had a brain tumor that could only be cured with a certain medicine that cost $1.00 per dose, should a company be able to charge you $1,000,000 for it?

Of course they should be able to. But there would be such a tremendous backlash against that company, and such incredible bad press, that they would never demand that price. Business owners aren't stupid.
 
FlyingTexan
Topic Author
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Mon Sep 05, 2005 6:13 am

No price gouging at this Bourbon Street bar, according to Yahoo News.

Sprinkel's only reason for keeping the bar open was habit. She definitely did not seem to be doing it for the money. She was only charging four dollars for mixed drinks and two dollars for beer.

"I could be making 1,000 dollars in six hours easy," she said. "It's not right. I'm not going to gouge. Everybody here is local."

It's the spirit of the French Quarter, Smith explained.

"We'll stop partying in a couple of days because everyone will run out of money."


 spin 
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TedTAce
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RE: Katrina - $7 A Gallon Gas And Other Price Gouging

Mon Sep 05, 2005 6:26 am

Quoting FlyingTexan (Reply 12):

"We'll stop partying in a couple of days because everyone will run out of money."

Not to forget her suppliers are probably not going to be showing up for a while either...

(Loss of life issues aside) The ABSOLUTE HORROR of NO becomming a 'dry' community.. and no, I didn't mean to create that PUN  Sad
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