The WSJ’s confused story on gasoline prices and crude oil prices

Michael Giberson The story in yesterday’s Wall Street Journal on the link between gasoline prices and crude oil prices was a bit frustrating. The article does a reasonable job explaining key pieces of the puzzle, but then fails to assemble the puzzle into something resembling reality. The story is headlined, “Gas Stays High as Oil … More The WSJ’s confused story on gasoline prices and crude oil prices

Price gouging laws wasted resources during the Hurricane Irene emergency

Michael Giberson In a post at the Master Resource blog I point out another problem with anti-price gouging laws: during actual emergency conditions both state governments and consumers likely have much more important things to do that worry about whether particular price increases are unconscionable under the state’s understanding of that term. Among other points, … More Price gouging laws wasted resources during the Hurricane Irene emergency