EDITORIAL: The problem with ‘price gouging’ laws
Author: The Gazette Editorial Board - August 31, 2017 - Updated: August 31, 2017
Despite a Texas law against “price gouging,” prices soared for people trying to endure or escape Hurricane Harvey.
“One station sold gas for a whopping $20 a gallon,” The Washington Post reported Wednesday. “A hotel reportedly charged guests more than twice the normal rate. One business sold bottles of water for a staggering $99 per case – more than 10 times some of the prices seen online.”
In a perfect world, victims escaping or enduring disasters would pay nothing for food, fuel, water, medications and other basic necessities. We are mortified at the thought of someone getting stranded in a flood for lack of funds to buy fuel.
Our imperfect world cannot supply all things to all people at all times.