Economics

Gasoline Black Market Thrives, Post-Sandy

Oh, horrors! People are bypassing rationing!

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A lot of things are pricier in New York, especially apartments, where a small studio space can cost a person an arm and leg for something to size of a jail cell. In the aftermath of Sandy, fuel is seeing a surge as well, but not at service stations.

With much of the Northeast United States still ravaged from last week's freak superstorm, throngs of drivers in New York and New Jersey have been left stranded because of a shortage of gas. The lucky few who have managed to make off with a couple of gallons while others wait in long lines are sharing the wealth, but while making a few bucks themselves. A gasoline black market has emerged in the wake of the storm, and unlucky souls are spending top dollar to fuel up their rides.