Blog: 'Panic buying'
Dave Leggett | 12 December 2005
Here we go again. The spectacular oil depot explosion at the weekend near London that you may have seen on the news has apparently led to some panic buying here as motorists decide that it would be prudent to fill their fuel tanks. And the official advice is: 'no need to panic buy'. But the trouble is that the mere mention of the term in the media makes people do it. As was pointed out by someone, panic buying itself could bring about a short term supply shortage in some areas. So, as an individual, what do you do? Fill your tank needlessly or risk the possibility that others' selfish behaviour will deprive you of petrol later this week? Moral high ground or follow the herd? Hmm.
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