About Price-Gouging
@mythociate (21428)
Oklahoma City, Oklahoma
February 16, 2022 10:54am CST
I saw on FLASH POINT (a news-discussion show on local TV in Oklahoma) talk about anti-'price gouging' laws in Oklahoma.
(Basically: when an area's leader declares a state-of-emergency, there's a limit on how high sellers can price their items.)
FLASH POINT's main discussion that day was about how 'certain companies got around the laws' because their products are "commodities"---that they weren't even LOOKING at consumer-demand, but were price-gouging on account of 'being gouged by the costs.'
(FindLaw lists anti-'price gouging' laws in all the States.) https://www.findlaw.com/consumer/consumer-transactions/price-gouging-laws-by-state.html
1 response
@mythociate (21428)
• Oklahoma City, Oklahoma
18 Feb 22
No. I'm talking about things like gasoline and electricity (there was a big news-story about how--since Texas isn't connected with the rest of America's electricity--electricity-companies there could charge huge prices after a big freeze damaged a big part of its system).
1 person likes this
@askme123 (6223)
•
19 Feb 22
@mythociate ok I see your point.Yes the prices of everything going up now.Food that use to be cheap going up too.
1 person likes this
@mythociate (21428)
• Oklahoma City, Oklahoma
19 Feb 22
@askme123 Yes, but most States' anti-gouging laws protect people AGAINST food-prices going up too high.
