I am calling Sam's to complain. They are creating hysteria.
Don't blame Sam's. They aren't creating the problem. Blame the media. That is where the hysteria is coming from.
My local grocery store last week had a shelf full of rice. Yesterday they were down to just a few bags and the price had nearly doubled. (I looked just for fun, not b/c I was in need of it.)
Something else to keep in mind. Prices are set partly on supply and demand, and right now the demand is high (thanks in part to the media blasting that rice is in short supply), but what happens in a few months when everyone has all the rice they need or it becomes so high in price that no one is buying it? The warehouses will be bulging and the price will come down in order to move the product.
And as for the statements by Glenn Beck to buy now, it was not said to cause a stampede at the stores. Beck is telling people to buy extra now while the prices are lower than what they will be as the months go on. Gas prices are going to continue to go up and so are food prices. By buying extra now, you are saving yourself money down the road when those prices go up. And this isn't a new statement by him. People who follow him know he has been saying this for months.
Right now a 5 lb bag of plain label flour goes for $1.54 at my local store. (this was yesterday) Three weeks ago when I bought it, I payed $1.27. When I bought it, I didn't buy just one bag, instead I took a quick count of how often I purchase flour for a year and also took into consideration the holiday baking I do, which may or may not be alot depending on who you are. At any rate, I wound up purchasing about 50 lbs of flour. That is enough to get me through the next year. I filled my flour canister and placed the rest in my freezer.
I don't call what I did hoarding. I call it being smart and frugal.