Not to mention some folks have long memories.
There was a store in my area after a hurricane selling ice for $10 a bag, this has been well over 15 years ago.
I still remember that, and I have never bought anything from them since that happened.
if this is a mom & pop store too, for all we know they were being forced to buy their ice at crazy rates and weren't even making much profit off of it.
Let me preface this with I think what they're doing with the hotels is wrong. Hotel rooms are more of a service than a good. They have a right to pass on a service charge if their electricity rates are spiking but if this is what they're doing they should just close.
Back to the ice.
Part of the reason they raise prices on those goods is because people stock up more than they need. See TP and hand sanitizer in March 2020.
Free market is free market. You have a right not to shop there again and that's an appropriate response if it makes you unhappy. But supply and demand determine price and there's nothing wrong with that.
This is why it's important to be prepared and not be 100% dependent on stocking up DURING an emergency. Outlawing "price gouging" isn't creating the desired outcome.
Once you have been without power for 9 days at the end of August, it is difficult to be prepared with something like ice. Our power was out for 17 days.
What kind of jackass is running that business? Driving away all your customers when you’re about to have a major spike? How does that make ANY SENSE?!
Not to mention some folks have long memories.
There was a store in my area after a hurricane selling ice for $10 a bag, this has been well over 15 years ago.
I still remember that, and I have never bought anything from them since that happened.
But they’ve been in business for 15yrs after.
^^^^
Some people have long memories. But there are plenty of goldfish in the sea.
Yeah they have but it makes me feel good that it is not my money they are taking.
if this is a mom & pop store too, for all we know they were being forced to buy their ice at crazy rates and weren't even making much profit off of it.
Let me preface this with I think what they're doing with the hotels is wrong. Hotel rooms are more of a service than a good. They have a right to pass on a service charge if their electricity rates are spiking but if this is what they're doing they should just close.
Back to the ice.
Part of the reason they raise prices on those goods is because people stock up more than they need. See TP and hand sanitizer in March 2020.
Free market is free market. You have a right not to shop there again and that's an appropriate response if it makes you unhappy. But supply and demand determine price and there's nothing wrong with that.
This is why it's important to be prepared and not be 100% dependent on stocking up DURING an emergency. Outlawing "price gouging" isn't creating the desired outcome.
Once you have been without power for 9 days at the end of August, it is difficult to be prepared with something like ice. Our power was out for 17 days.