Gas Price Gouging on Rise*

Michael Giberson Gasoline stations are violating price regulations at a higher rate than any other industry under government price guidelines, an Internal Revenue Service survey shows. About 20% of service stations checked were selling gasoline above the legal ceiling price, the agency said. Federal energy chief William Simon told The Milwaukee Journal’s Washington Bureau Thursday … More Gas Price Gouging on Rise*

Monday Morning Debt Recommendations

Lynne Kiesling Too many people are writing and saying too many interesting things to digest on the debt actions in the eurozong and the debt downgrade in the US … and some people are saying some extremely misinformed and silly things too. But I’d like to highlight a few comments I’ve read today and over … More Monday Morning Debt Recommendations

Worried About Too Much Demand Elasticity in Electric Power Markets

Michael Giberson Will electric power consumers facing smart-grid enabled real time prices have the potential to accidentally destabilize the power grid and cause a blackout?  A paper presented at a recent IEEE conference says it is a possibility. The surprising culprit? Too much price elasticity in the market demand function. It is a surprising culprit … More Worried About Too Much Demand Elasticity in Electric Power Markets