Search Results for: price gouging

Gasoline Supply Chain Stories in Post-sandy New Jersey and New York

3 Comments / Economics, Regulation / By

Michael Giberson Edward McAllister and David Sheppard, with Reuters, have a great story on the connection between disaster preparedness and the nature of retailer ownership. They report that corporately-owned retailers, such as convenience-store chain WaWa and vertically-integrated gasoline refiner/retailer Hess, drew on corporate resources in advance of the storm to be ready to return stores …

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New York Attorney General Proposes to Prohibit Use of Business-related Reasoning in Gasoline Wholesaling

Economics, Energy markets, Regulation / By

Michael Giberson It sounds kind of funny to say the New York Attorney General wants to prohibit business-related reasoning in gasoline wholesaling. After all, gasoline wholesaling is a business activity and generally business-related reasoning would be entirely appropriate. It sounds like asking a court not to act on law-related reasoning or asking a politician not to …

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Congressman Called for Gas Relief

1 Comment / Energy markets, Politics / By

Michael Giberson Congressman Brian Higgins, of western New York, put out a press release last week welcoming the news that the Obama administration will release 30 million barrels of oil from the Strategic Petroleum Reserve. (“Higgins Welcomes News of Oil Release: Congressman Called for Gas Relief Measure in April.”) The rest of the press release was a …

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Did They Really Say That? Gasoline Market Stress Coming to Eastern Washington, So Officials Offer Advice

Economics, Energy markets, Regulation / By

Michael Giberson One consequence of a 14-week project to replace several locks on dams on the Columbia and Snake rivers is that gasoline transportation costs will rise in the area. Some gasoline that would have traveled up the river will have to move by train and truck instead, a more expensive process and one much …

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Supremo Vs. Invisible Hand: Battle over New Zealand Earthquake Recovery Approach

Economics, Liberty, Politics / By

Michael Giberson Post-earthquake in New Zealand, a battle emerges over the best system for rebuilding: Supremo vs. the Invisible Hand. Supremo has its backers: [Construction economist John Jackson said:] Rebuilding should be led by a “supremo”, such as a senior military officer with engineering corps experience, as was chosen for Darwin, and New Orleans after Hurricane …

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White House Declares Emergency in Massachusetts Water Main Break. In Related News, Water Main Break is Already Repaired.

Economics, Miscellany, Politics / By

Michael Giberson I don’t know the answer, so someone let me know if you do, but has the President of the United States ever declared a state of emergency over a local water main break before? According the the announcement, “The President’s action authorizes … Federal Emergency Management Agency (FEMA) to coordinate all disaster relief …

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