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Massive price jumps in fuel enables panic buying. Fuel prices will be driven by both fear and scarcity, and prices go even higher.
by 1970-01-01 6mo ago
Massive price jumps in fuel enables panic buying. Fuel prices will be driven by both fear and scarcity, and prices go even higher.
- bawolff 6mo agoJet fuel isn't exactly a consumer good. Storing large quantities of it isn't exactly easy. It doesn't strike me as a good that is likely to panic bought.
- OgsyedIE 6mo agoThe UK does already have salt cavern storage for crude and natural gas, so it would be possible to make sites for kerosene if not for the present shortage.
- 1970-01-01 6mo agoRight - more of a danger of bullwhip effect than a consumer panic purchase. Still it is best to ease the spikes for everyone with rationing.