Most expensive gasoline in America – a zone pricing protest

Michael Giberson WABC-TV reported Friday on what was likely the highest priced retail gasoline in the country: an Exxon station in Summit, New Jersey was offering regular grade gasoline for $4.89/gallon.  According to AAA’s Daily Fuel Gauge Report, the current average price in the US is about $1.85/gallon, and the average price in New Jersey … More Most expensive gasoline in America – a zone pricing protest

Would someone please check the price of bread in Connecticut? Another zone pricing post

Michael Giberson Would someone please check current prices for bread in the towns of Greenwich, Port Chester, and Stamford, Connecticut? A December 23 story in the Greenwich Time notes the arrival, finally, of gasoline prices below $2/gallon in Greenwich, “after weeks of being surrounded by less-than-$2 in gas in municipalities such as Stamford and Port … More Would someone please check the price of bread in Connecticut? Another zone pricing post

Gasoline prices in New York three weeks after the zone pricing ban

Michael Giberson Gasoline prices are making the headlines across the country (these headlines found via Google News): Salt Lake City Tribune: When gas prices fall, retailers rejoice, too. Why do they rejoice? See our post on Rockets and Feathers. An Associated Press story: Price of gas hits lowest point in nearly 5 years. Hartford Courant: … More Gasoline prices in New York three weeks after the zone pricing ban

Zone pricing ban coming to New York, will the results affirm policymakers’ hopes or economists’ analyses?

Michael Giberson New York is about to find out whether zone pricing in gasoline markets is as bad for consumers as some people believe. Zone pricing is “a gasoline industry practice of selling the same brands and grades of fuel to retail sellers at different prices depending on the ‘price zone’ in which the retail … More Zone pricing ban coming to New York, will the results affirm policymakers’ hopes or economists’ analyses?

New York Attorney General proposes to prohibit use of business-related reasoning in gasoline wholesaling

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 … More New York Attorney General proposes to prohibit use of business-related reasoning in gasoline wholesaling

Girl Scout cookie price gouging?

Michael Giberson Michael Finney observes that Girl Scout cookies sell at different prices in different locations, and he asks (tongue in cheek), is it “Girl Scout cookie price gouging?” No, actually it is more like “zone pricing“ price discrimination – setting the price to a level that the local market will bear. (EDITED, see comments … More Girl Scout cookie price gouging?

Repugnance, outrage, and other moral excuses

Michael Giberson Bryan Caplan, in How Wise is Repugnance?,  questions Leon Kass’s argument that “repugnance is the emotional expression of deep wisdom.” (From Kass’s essay, “The Wisdom of Repugnance.”) Kass runs through a list of things that he thinks the reader will accept as obviously repugnant (incest, bestiality, mutilating corpses, cannibalism, and so on) and … More Repugnance, outrage, and other moral excuses

More on Michael Sandel, justice and price gouging

Michael Giberson Yesterday I commented on Michael Sandel’s book, Justice, and on his discussion of price gouging.  I hoped that Sandel would go deeper into his ideas about justice and price gouging, but the book’s index suggests that the introductory chapter is all he has to offer specifically on price gouging. In re-reading parts of … More More on Michael Sandel, justice and price gouging

Never did see that FTC report on Western New York gasoline prices

Michael Giberson In October of last year, Congressman Brian Higgins sent a letter to then FTC chairman William Kovacic requesting an investigation of gasoline prices in his home area of western New York. Historically, prices in Buffalo and surrounding areas have been below the average price in the state, but beginning around the time of … More Never did see that FTC report on Western New York gasoline prices