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May I assume that you mean open access fees by "outrageous prices"? At least in my area of research not a single reputable journal asks for money for publishing an article. It's always free.

You're right about the open access fees, though, just wanted to clarify this.

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Some, if not all, IEEE journals (which are generally very reputable) have a publishing fee, separate from the open access fee. Surcharges apply for exceeding page limits and for color figures in the printed journal.

The basic fee can be waived if the authors are unable to afford it, under some conditions.

Primarily, yes, although there are journals that (additionally) ask for other publication fees, like page charges, or for imagery. But yes, primarily "Article Processing Charges".

Although that said, with some more layers of indirection, the same holds true for subscription fees: libraries have to keep paying those, because authors keep letting publishers lock away their research outputs behind paywalls, because they get reputation in return. And those subscription fees are equally outrageous.

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