Standard Mischief

Thanks to this post at Consumerist.com, I find out that 86% of milk sellers in New York City are price-gouging customers! By a whole 40 or 50 cents per gallon!

So there’s a state goverment set price on goods like milk? Does that set price take in consideration the cost of higher overhead in a major metropolitan area? Who the hell is channeling Hugo Chávez anyway?

Select comments:

dabusdriver

When almost all the milk retailers are charging the higher “gouging” price, you would think that’s because the market costs of the milk inputs overall have risen, and not because any single retailer is trying to make a quick buck.

Why doesn’t NY state just set fixed prices for everything, in order to join the great consumer paradises of North Korea, Zimbabwe and Venezuela. Let me know how that works out.

Keavy_Rain

So how exactly are consumers being “price gouged” here? Who determines the fair price for a gallon of milk in New York?

You’d think supply and demand would set prices, but it is an election year and we gotta detract the masses from the important issues with stupid stuff like this.

czarandy

Next month on Consumerist:
Milk shortages hit New York City

punkrawka

Glad to see that Consumerist commenters have some understanding of economics, even if Consumerist editors don’t.