The price spike (see Sept. 1) is the market’s way of reminding us that it’s better for fuel supplies to be redirected Gulf-ward (and toward other high-value uses) right now than for us to take that long holiday-weekend drive to the beach we’d been contemplating. Among those weighing in: Half Sigma, GrannyTiger, Radley Balko. More: Calif. AG Lockyer, who is not going to win any prizes for grasp of basic economic principles, finds it suspicious that gas prices in his state would soar even though the output of Gulf refineries is sent elsewhere.
Gas price “gouging”, cont’d
The price spike (see Sept. 1) is the market’s way of reminding us that it’s better for fuel supplies to be redirected Gulf-ward (and toward other high-value uses) right now than for us to take that long holiday-weekend drive to the beach we’d been contemplating. Among those weighing in: Half Sigma, GrannyTiger, Radley Balko. More: […]
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