Tuesday, June 17, 2008

Price gouging

Yo, Ed, people are sure taking advantage of this gas crisis. There’s a local Latino store where I stop every day and get half a baked chicken for $3. I went in yesterday and the guy charged me $3.50. I asked when did the price go up? He said “gas high, everything go up, price high.” I said that was ridiculous and walked out. Talk about price gouging, they are raising the price for everything.
Chicken Little
Before you condemn this guy, realize that he probably is paying more for chicken and everything else, and the explanation given to him is that increased fuel prices are driving up the cost of everything. It’s true. Maybe chickens don’t eat oil, but your analysis needs to go a little deeper than that.—Ed. Note

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