tag:blogger.com,1999:blog-3758330678390419129.post7722504584290949118..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Fast Gas, No Lines:The Black Market to the RescueRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-32939748697688112092012-11-05T21:35:08.483-05:002012-11-05T21:35:08.483-05:00And, at $20/gal the incentive for people to truck ...And, at $20/gal the incentive for people to truck in gas from far away would have dropped the price faster. <br /><br />The market works, if the fools in DC (or Albany) will let it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33576441237372170092012-11-05T21:08:44.376-05:002012-11-05T21:08:44.376-05:00Of course, at $20 a gallon, more "non-essenti...Of course, at $20 a gallon, more "non-essential" people would stay home, thus lowering the demand, and the price.<br /><br />The $20 a gallon gas would accomplish keeping non-essential people home without the use of force.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39988216297782834402012-11-05T08:48:00.626-05:002012-11-05T08:48:00.626-05:00Your point about people who have no business being...Your point about people who have no business being involved in cleanup needing to stay away is exactly right. Clogged roads, fuel that could've been used effectively instead of burned while idling, and thousands of individuals wasting their time away sitting in cars for several hours instead of working. What I'd be curious about is whether you stayed at a station for the duration of the Ramonhttps://www.blogger.com/profile/15177032531133914670noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66079218600874405092012-11-05T07:01:33.299-05:002012-11-05T07:01:33.299-05:00Ridiculous, some of us have to get to work. Gas at...Ridiculous, some of us have to get to work. Gas at $20/gal would be unacceptable. The lines are ok and would not be an issue if the stations had gas generators. As a paramedic who was sent into the hurricane multiple times I would be unable to afford fuel at gouging prices. Even though I had to wait on line a few times it wasn't that bad.<br /><br />I don't have a house to go back to. TheAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80016119785662101622012-11-04T12:27:28.798-05:002012-11-04T12:27:28.798-05:00Anon -
"One last point, the anti-gouging law...Anon -<br /><br />"One last point, the anti-gouging laws keep prices down but if people have to wait for 6 hours to get gas then isn't that a cost as well? In other words, doesn't time have a value?"<br /><br />Precisely!<br /><br />The state decrees that prices must remain constant, but if you have to sit in line for 6 hours to get the product then the cost to you is higher Pete Moorenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55146769445025755002012-11-04T11:19:43.161-05:002012-11-04T11:19:43.161-05:00So despite Christie and Cuomo making price gouging...So despite Christie and Cuomo making price gouging illegal, people are still selling 2 1/2 gallon cans of gas for $50. And I'm sure there are some people who are willing to pay that rather than wait for hours in line (and still possibly not get gas in the event the station runs out).<br /><br />Now if price-gouging were legal, people would try to capitalize on an opportunity to make money Anonymousnoreply@blogger.com