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Price Gouging is alive and well after Sandy

Many gas stations closed when Sandy struck, even in areas that didn’t flood, because of the widespread power outages. Those that stayed open quickly ran out of gas and at the moment, Nov. 1, have not been resupplied.

This gas station in Bloomfield New Jersey was charging $3.29 a gallon, the cheapest around, the day before Sandy struck. It was up to $3.99 a gallon when it ran out of gas.

On November 3 gas in New Jersey was in very short supply. People were lining up with gas cans for their generators because power was still out and there was no telling when it would be back on. And of course cars were scrambling to find an open station and waited in very long lines. Note the $3.29 price for Sunoco, which is usually one of the higher priced brands

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3 responses

  1. Interesting. I guess it’s not an insane price, but still, would not have imagined gas runs.

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    November 1, 2012 at 11:13 PM

  2. Gouging is a relative term. Near Buffalo we’ve been paying $4.09 since well before the storm. (I left the morning of the storm and am presently in Mexico, so can’t state the current price.) I guess the State of New York has been gouging us, by your definition, but then, why should we be surprised at that. And why shouldn’t a small business person be able to sell s/her inventory at a significant profit until it is gone, if said vendor then has to close while waiting for re-supply? Have some compassion for the little guys, I say.

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    November 2, 2012 at 7:58 PM

    • Gouging is a relative term. Gas was going in my part of NJ for between 3.29 and 3.60 before the storm. Even today, with gas lines a mile long prices are around 3.69 – 3.79, so 3.99 is gouging. And as a retired small business person, I have nothing against making a fair profit, but this guy was taking advantage. Other gas staions like this Sunoco with long lines were not and are not charging what he was, even with gas in short supply.

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      November 2, 2012 at 11:49 PM

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