Obsolete boutique fuels and failure to arbitrage

Lynne Kiesling Andy Morriss (Univ. of Alabama Law School) and Don Boudreaux (George Mason University) have an excellent op-ed in today’s Wall Street Journal, A Coca-Cola Solution to High Gas Prices. The punch line: environmental fuel formulation regulations balkanize wholesale fuel markets and make prices more volatile as a consequence. This is not a new … More Obsolete boutique fuels and failure to arbitrage