Monday, November 5

Gouging in theory and in practice

The cost of fueling up has really exploded here in Brooklyn!
With the price remaining in the mid $4 range, the result is a big gas line at the station in my neighborhood - multi hour wait times for paltry amounts of gas!
Hmm, so while the price in $ reamins the same, the amount of time one needs to invest (time being the most non-recoverable resource there is) to get some fuel, has greatly increased.
Decree can hold down prices, but it would be foolish to think that decree can also hold down real costs.
Deeper thoughts on experiences with "gouging"  here.

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