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Old 04-20-2020, 01:27 PM   #21 (permalink)
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Originally Posted by redpoint5 View Post
Price gouging is a made up, fictitious concept. The price is always as high as the market will bear, and we don't call the prices we're used to "gouging".

The only way petrol stations could get away with artificially high prices is if they were all colluding.

If you're upset at the prices, just know that CA has the highest taxation on petrol of all the states. No matter what the cost of petrol is, 80 cents is baked in as taxes.


considering the lowest price in the state for gas is $1.55


and

$2.99 is more then 10% of $1.55, it is PRICE gouging




the market does not bare that price..
oil is at 1-2$ a barrel right now as i have predicted.. i told you guys on monday it was going to crash! in a panic sell off!

oil storage tanks are over flowing with product..

as a state of emergency as been declared

Once a state of emergency is declared, California Penal Code 396 prohibits “excessive and unjustified increases” on a range of basic goods and services. Barring justification, an excessive increase is an increase of more than 10 percent above the price charged by the person in question for the same goods or services immediately before the declaration of emergency. (Cal. Penal Code 396(a).)


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Old 04-20-2020, 02:02 PM   #22 (permalink)
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Quote:
Originally Posted by Tahoe_Hybrid View Post
considering the lowest price in the state for gas is $1.55

and

$2.99 is more then 10% of $1.55, it is PRICE gouging


the market does not bare that price..
There's no monopoly at petrol stations; so if you're seeing $2.99, that is the market price.

Quote:
[B]
as a state of emergency as been declared

Once a state of emergency is declared, California Penal Code 396 prohibits “excessive and unjustified increases” on a range of basic goods and services. Barring justification, an excessive increase is an increase of more than 10 percent above the price charged by the person in question for the same goods or services immediately before the declaration of emergency. (Cal. Penal Code 396(a).)
Did the price per gallon increase more than 10% after a state of emergency was declared? That would be up to CA to investigate and enforce (though it's pointless).

At any rate, that law is flawed and hurts everyone. If they had economists writing the laws, everything would be better. Instead they have politicians that don't know even the basics of supply and demand. The language of the law undermines itself rendering it ineffective. "prohibits excessive and unjustified increases". I can justify a price increase by saying I'm competing in a free market where supply/demand set the price. Unless the state can show collusion or other anti-competitive behavior, they've got to accept that answer.

As I've said, there is no such thing as price gouging, and you've provided no evidence that there is. An arbitrary law saying prices can't rise more than 10% is not evidence.

I'm annoyed that the price of TP hasn't gone up enough so that there's some available to purchase. It's been 2 months now since I began looking for TP and haven't seen any since. Fortunately my family is already frugal so we've gotten by with the few rolls given to us, but I'll be more desperate in a month if things don't improve.

Eggs were sold out at one point, and then I noticed egg prices shot up by about 1/3rd. There's now eggs on the shelf available for purchase.
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Old 04-20-2020, 03:14 PM   #23 (permalink)
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Just read on Fox news, West Texas crude is priced at 1 cent for barrel.

Looking at Halliburton at under $8.00/share +/- in todays trading.
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Old 04-20-2020, 03:39 PM   #24 (permalink)
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Originally Posted by redpoint5 View Post
I'm annoyed that the price of TP hasn't gone up enough so that there's some available to purchase. It's been 2 months now since I began looking for TP and haven't seen any since. Fortunately my family is already frugal so we've gotten by with the few rolls given to us, but I'll be more desperate in a month if things don't improve.

Eggs were sold out at one point, and then I noticed egg prices shot up by about 1/3rd. There's now eggs on the shelf available for purchase.
target charged us 7.99 for a dozen of eggs do you think that was price gouging? normaly organic eggs are about 3.95 or so a dozen

if you want toilet paper get in line in the morning you will be able to get some


I my self stocked up back in july of last year when they had the 6.4/7.1 quake... have been keeping everything in regular rotation since then ..


I did see toilet paper at the store when i was at walmart NOT the best toilet paper but RV toilet paper i would check at the walmart near you

just ask them where they keep the RV stuff(don't mention TP as they will just say it's out of stock) it should be in the automotive section..

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Old 04-20-2020, 04:01 PM   #25 (permalink)
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When I have seen scarce supplies in-stock, they have always been the normal price, but we do not have a Target.

I have been at a number of stores when they opened. They usually did not receive paper products. If you are desperate, you can try blue shop towels, just put them in a ziplock bag and throw them away.

RV toilet paper is brilliant! The two local Walmarts do not have any in-stock, but I could pick up this or another type on Friday: https://www.walmart.com/ip/Georgia-P...l-8ct/16351821

For $40, I sure hope that is enough to share!
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Old 04-20-2020, 05:06 PM   #26 (permalink)
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As of 4/15/20 whole sale terminal price for E10-87octane was $.53 a gallon +.29 state taxes and $.184 federal. 87 Octane E0 $.66 = .305 + .184. E70 $0.90 before taxes.

As soon as I heard about the TP shortage I ordered 2 24 mega rolls packs of Charmin Soft to the door for $52 from Walmart, had to spend $50 for free shipping. Grocery store had commercial stuff for $1.50 a roll over the weekend. Dollar Stores are beginning to have some in stock.

Meat packing plants are being hit hard around here, might want to think about that. I'm going out in the morning.
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Old 04-20-2020, 05:29 PM   #27 (permalink)
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Quote:
Originally Posted by Tahoe_Hybrid View Post
target charged us 7.99 for a dozen of eggs do you think that was price gouging? normaly organic eggs are about 3.95 or so a dozen

if you want toilet paper get in line in the morning you will be able to get some


I my self stocked up back in july of last year when they had the 6.4/7.1 quake... have been keeping everything in regular rotation since then ..


I did see toilet paper at the store when i was at walmart NOT the best toilet paper but RV toilet paper i would check at the walmart near you

just ask them where they keep the RV stuff(don't mention TP as they will just say it's out of stock) it should be in the automotive section..
A Bugatti La Voiture Noire is $12,500,000. Is that price gouging? It's like having a stutter to say price gouging. You're just saying price price. It's the point at which both the seller and buyer agree on. It doesn't matter what emotions well up inside when the price is displayed to me, it still remains the price. If I want to sell something which I own, there is nobody else on this planet that has the authority to tell me what price it's going to be. If there was someone with that authority, then I never had rightful ownership. If there isn't legal ownership, then there is no such thing as theft.

I buy TP to last 2 years at a time; it just so happened I was ready to buy the next 2 years supply at the moment it wasn't available. Good tip to look for RV stuff. My parents can get into Costco during the early senior hours (how is Costco not sued by the government for violating a protected class; ageism?) and the TP is gone during that time. People shopping at regular hours don't stand a chance of getting TP.
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Old 04-20-2020, 05:36 PM   #28 (permalink)
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Quote:
Price gouging is a made up, fictitious concept. The price is always as high as the market will bear, and we don't call the prices we're used to "gouging".
Good thing we have legislation offering some protection against fictitious occurrences.

God damn just look up "price gouging" and learn something.
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Old 04-20-2020, 05:54 PM   #29 (permalink)
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Quote:
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Good thing we have legislation offering some protection against fictitious occurrences.

God damn just look up "price gouging" and learn something.
We have laws "protecting" us from fake stuff all the time. Look up "hate crime". If someone commits a crime against an arbitrarily protected class, they have committed a "hate crime". On the other hand, I guess if someone particularly disliked an individual and committed a crime, it would be a love crime?

When I studied price gouging, all I could find is that it's based on when you feel something bad inside, and all the economists agreed that laws protecting our fragile feelings harms all parties.
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Old 04-20-2020, 06:08 PM   #30 (permalink)
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