The action of buying large quantities of a particular product or commodity due to sudden fears of a forthcoming shortage or price rise.
panic buying is leading to 15–30 minute queues at almost all petrol stations over here
Example sentencesExamples
I don't care what anyone says, including the happy talk analysts quoted farther down in the story: this kind of panic buying is a sign of a late-stage bubble.
And it is thought more increases could be on the way, leading to a possible spate of panic buying.
Part two of my contingency plan addresses the food shortage caused by panic buying.
However, following Nestlé's announcement earlier this month, there was panic buying of condensed milk across Scotland.
There was panic buying of supplies in some supermarkets.
They were geared up for a day of premature panic buying.
Having witnessed the panic buying, with some drivers putting more than £40 worth of fuel in their cars, one thing was very apparent.
However, after the initial panic buying, people settled down into a routine and food was not a problem until the end of 1916.
Panic buying started in the resort in the morning.
The sporadic panic buying of petrol was largely provoked by the government's own warnings.
Retailers could do with some panic buying.
There was definitely some panic buying going on.
Panic buying at the pumps meant that York soon ran dry.
Panic buying of foodstuffs and nutritional supplements (e.g. iodine) is a likely outcome.
The specter of the unfolding financial crisis incited some panic buying of Treasuries.
Is it time to start panic buying for duct tape again?
Panic buying of cooking oil has even been seen in some stores.
Nor was the panic buying good news for petrol stations.
Some key commodities, however, look vulnerable to shortages and possible panic buying.
The shelves are beginning to look just a little empty and the situation can't be put down entirely to panic buying.
Derivatives
panic-buy
verb
[with object]
Buy large quantities of (a product or commodity) due to sudden fears of a forthcoming shortage or price rise.
people are panic-buying food to store away
Example sentencesExamples
no objectmotorists panic-bought ahead of a threatened strike by tanker drivers
An Asda spokesman said he was confident they had enough stock as long as people did not panic-buy.
The advice we've received is not to make any unnecessary car trips for four days and not to panic-buy gas.
Car drivers in some parts of the country have already started to panic-buy despite pleas to fill up cars as normal.
Definition of panic buying in US English:
panic buying
noun
The action of buying large quantities of a particular product or commodity due to sudden fears of a forthcoming shortage or price increase.
panic buying by motorists compounded the situation—by the middle of the month, nearly all of the country's gas stations had run dry
Example sentencesExamples
The shelves are beginning to look just a little empty and the situation can't be put down entirely to panic buying.
I don't care what anyone says, including the happy talk analysts quoted farther down in the story: this kind of panic buying is a sign of a late-stage bubble.
However, following Nestlé's announcement earlier this month, there was panic buying of condensed milk across Scotland.
Some key commodities, however, look vulnerable to shortages and possible panic buying.
The sporadic panic buying of petrol was largely provoked by the government's own warnings.
Is it time to start panic buying for duct tape again?
Panic buying of foodstuffs and nutritional supplements (e.g. iodine) is a likely outcome.
And it is thought more increases could be on the way, leading to a possible spate of panic buying.
Panic buying started in the resort in the morning.
Panic buying at the pumps meant that York soon ran dry.
They were geared up for a day of premature panic buying.
The specter of the unfolding financial crisis incited some panic buying of Treasuries.
However, after the initial panic buying, people settled down into a routine and food was not a problem until the end of 1916.
There was panic buying of supplies in some supermarkets.
Having witnessed the panic buying, with some drivers putting more than £40 worth of fuel in their cars, one thing was very apparent.
Panic buying of cooking oil has even been seen in some stores.
Nor was the panic buying good news for petrol stations.
Retailers could do with some panic buying.
Part two of my contingency plan addresses the food shortage caused by panic buying.