Michael Giberson The Consumerist seeks to answer the recurring question, “Why Is Gas So Freakin’ Expensive?” We could quibble with bits and pieces of the story they offer, but overall it is a solid introduction to the economics of gasoline prices. Easy enough for an interested high-schooler, or perhaps a conversation starter for your freshman …
Lynne Kiesling With apologies for the shameless self-promotion: this Chicago Tribune article on gas prices in Illinois has some quotes from me, and others, on putting these gas prices in a proper context. I also found this New York Times article from Sunday on “price gouging” to be a more sensible and analytical view on …
Lynne Kiesling Three cheers for Tim Haab for saying what I’m often too lazy or too cowardly to say: So let’s take a look at the STUPID price gouging bill… So we’ve now proven that Democrats are idiots. We’re halfway there. … Republicans are idiots. Since independents don’t matter, I conclude my proof. All politicians …
Tim Haab on the Politics of Gas Prices: Get Over It Read More »
Michael Giberson Now normally I wouldn’t be the kind of guy that looks to politicians for economic advice (e.g. posting on price gouging), but on his blog Alan Jewell points out an article from the December 2004 Journal of Financial and Quantitative Analysis showing that as a group senators have done abnormally well at picking …
Michael Giberson A year hence and clean up continues in New Orleans. Dave Tufte at voluntaryXchange notes a New York Times story reporting on entertainer/club owner Harry Anderson’s decision to leave town. (Try this link to the NYT article.) The energy news element to the story: This spring, the local power company, Entergy, which is …
Lynne Kiesling The outright demagoguery from DC is disgusting but not surprising. More FTC studies of “price gouging”, more threats of “windfall profits” taxes, more ranting and puffery. Ladies and gentlemen (and I use that moniker to be polite, not truthful) of Congress, look within yourselves if you want a true explanation for the increase …
Michael Giberson Which business would you rather be in, one in which the price of your product is rocketing upwards, or one in which the price is slowly drifting down? “Rockets” and “feathers” are names characterizing a pair of stylized facts about the usual behavior of retail gasoline prices: when prices are going up, they …
Lynne Kiesling As you’ve by now inferred, we’ve made the exec-you-tee-vo decision to change to Title Case on titles at KP. Many thanks for the input I got from several of you, public and otherwise. I think what swung the decision was the ability to reserve all caps for times when we want the emphasis, …
Michael Giberson Rainbough Phillips amusingly tags price gouging as “the Phantom Menace” in a post on Catallarchy. She also provides a neat insider’s look at the supply and demand for emergency supplies, viewed from the returns counter at an Austin-area big box hardware store. Meanwhile, back in Houston, authorities are urging the city’s gasoline station …
Michael Giberson The Associated Press carried the following news item on efforts to prohibit gasoline price gouging: Northwest Senators Aim To Prohibit Gasoline Price GougingPOSTED: 1:30 pm PDTSeptember 21, 2005 WASHINGTON — Two Northwest senators, Republican Gordon Smith of Oregon and Democrat Maria Cantwell of Washington, have introduced legislation to prohibit gasoline price gouging during …
Is It Gouging for Politicians to Charge $1000 for a Meal? Read More »
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