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Price gouging reported ahead of Hurricane Irma

Price gouging reported ahead of Hurricane Irma

Hurricane Irma, which experts now say is one of the most powerful storms in history, reached Puerto Rico just a few hours ago. Listings were allegedly advertised with a "previous" price tag that was much higher than it ever sold for, making it look like savings were greater and the deal more appealing.

While Bondi's office can not technically fine airlines for price gouging (since they are regulated by the Federal Aviation Administration), she told reporters she did put in a few important calls.

Anti price gouging laws disrupt these important mechanisms and lead to adverse consequences.

The path Hurricane Irma will take is still somewhat unclear and no state of emergency has been declared yet in Georgia, consumers can still report price gouging incidents to the Georgia Department of Law's Consumer Protection Unit.

As Tyler Cowen notes, visibility of these different forms of rationing might explain part of why politicians tend to favor price-gouging laws. With the shelves stocked, people who urgently need the food in the supermarket but could not come earlier can still get what they need, even if they have to pay inflated prices.

Facebook: Accounts from Russian Federation bought ads during USA campaign
One-quarter of the 3,000 ads targeted specific geographical locations "to amplify divisive messages". The official declined to release any of the ads it traced to Russian companies or entities.

"Price gouging during a state of emergency is ILLEGAL", an NBC reporter tweeted.

Other stores like Amazon and Home Depot have tried to curb price gouging as quickly as possible. The representative added that they are actively monitoring the site and removing the bottled water that is being sold at high prices. Violators can face misdemeanor fines of $1,000 and/or 30 days in jail. The surrounding states would have borne the brunt of these costs.

Last week, electronics giant Best Buy was forced to apologize after a photo appeared online showing one of its suburban Houston stores selling a 24-pack of water for almost $43 in the wake of Hurricane Harvey, sparking outrage on social media, USA Today reported.

Ernesto Diaz from Florida told The Sun Online: "They are taking advantage of this catastrophic event to make money when they should be helping". People would not buy goods at elevated prices if there were an abundant supply.


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