Archive for April, 2006

The “Price Gouging” Debate: Don’t Legislate Gasoline Lines

by James M. Griffin
Congress is considering legislation that would punish “price gouging” on gasoline and diesel fuels during periods of national emergencies such as hurricanes Katrina and Rita. On the face of it, protecting consumers by assuring low prices and preventing gasoline producers/marketers from earning large windfall profits at the expense of the innocent victims [...]