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That is literally a market economy.

MSRP is just that, a manufacturer's suggestion, it's actually quite irrelevant to the market.

I didn't realize you had to buy a new 2023 Telly or your baby was going to die. God damn it must suck to be you.

(no but seriously, in the baby formula example increased prices do make sense because that reduces people buying too much just to have it when they don't need it, and would mean less empty shelves but you have to understand that an empty shelf or an empty dealer lot with a low "price" might as well be a $10 million price because you can't buy what isn't there which is what happens when prices aren't raised, like with toilet paper in 2020)

Literally sellers charging what buyers are willing and able to pay is a market economy.

If you want different, keep voting for democrats and bring back socialism so the government can set prices and you can have empty shelves/dealer lots

 

 

Don’t get too political please. They’ll shut the thread down

 

blkZ28spt said "If you want different, keep voting for democrats and bring back socialism so the government can set prices and you can have empty shelves/dealer lots"

 

There are laws against price gouging for items of necessity.

However,, there is no such thing as "price gouging" on luxury items. In those cases, the Law of Supply and Demand is in full effect.

I'm not saying it's right, but there's a reason it's recognized as law in economics.

 

Fairly certain I lost a couple of IQ points watching that. Never heard of that dude, but he's obviously a quack with a knack for mental gymnastics!

 

you need to remember that a lot of the gas in Mexico is pure or in other words has no ethanol. depends on what area you live in on if they even offer it as an option. That makes a big difference in MPG

 

It's beyond just a "supply and demand" thing, when the manufacturers (at least in Ford and GM's case) have come out very publicly and stated very clearly that none of their dealers has the right to sell any vehicle manufactured by them for anything more than the MSRP, period! In spite of the word "suggested" in the MSRP acronymn, Ford and GM have made it clear that their MSRP number is the maximum price that any of their vehicles can be sold at. Now...we all recognize that in the real world, it's very easy for any dealer to circumvent this requirement, and still comply with the manufacturer's demand that no new vehicle can be sold for above the MSRP. As a practical matter, there is no real way to police this. I suspect with interest rates way up, that the demand for new vehicles will begin to drop off, quite signiicantly, so the market should straighten itself out...in the not too distant future.

 

The photo was taken in 2019 when the gas was about $1 per gallon cheaper in California than Mexico, I filled it up in Orange County instead of Mexico. Yes, there are times Mexicans flock to California for cheap gas, believe it or not.