Search Results for: price gouging giberson

Price Gouging Laws Wasted Resources During the Hurricane Irene Emergency

Economics, Energy markets / By

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, …

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Passage of Wisconsin’s Anti-price Gouging Bill Boosted by President Bush’s Public Remarks

2 Comments / Economics, Energy markets, Law, Politics / By

Michael Giberson Wisconsin didn’t have an anti-price gouging law in 2001, so the state government’s response to post-9/11 reports of gasoline price gouging was pretty limited. While the Wisconsin governor called for an investigation of gasoline retailers, for all practical purposes the investigation was limited to fighting collusion in price setting and instances in which stations …

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Post 9/11 Gasoline Price Gouging in Wisconsin: Two Views

4 Comments / Economics, Energy markets, Politics / By

Michael Giberson The terrorist attacks of September 11, 2001, created a great deal of uncertainty and fear among Americans. In the retail gasoline market, some (but not all) consumers reacted to the uncertainty and fear by heading to a gas station to fill up their tanks. Some (but not all) gasoline retailers reacted to the …

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Gas Price Gouging on Rise*

Energy markets, Regulation / By

Michael Giberson Gasoline stations are violating price regulations at a higher rate than any other industry under government price guidelines, an Internal Revenue Service survey shows. About 20% of service stations checked were selling gasoline above the legal ceiling price, the agency said. Federal energy chief William Simon told The Milwaukee Journal’s Washington Bureau Thursday …

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Price Gouging Op-ed Appears in the Washington Times

1 Comment / Economics, Politics, Regulation / By

Michael Giberson This morning’s Washington Times carries my op-ed on price gouging. You should run out and buy a copy at your local newsstand, call the editor with loads of praise, encourage him to solicit my views more frequently, etc. Alternatively, read the op-ed at the Times website and offer comments here, there, or both …

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Do Anti-price Gouging Laws Help the Victims of Natural Disaster?

5 Comments / Economics, Law / By

Michael Giberson At the LegalMatch Law Blog, Sonya Ziaja editorializes in favor of laws against price gouging: Natural forces are blind to what they destroy. People aren’t. In the past month, tornadoes and flooding in the South and Midwest left behind crippled lives, destroyed homes, and eviscerated infrastructure. Now as the victims of the tornadoes …

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Gasoline Price Gouging Complaints Spur Kentucky, Maryland Attorneys General into Action

Economics, Energy markets, Politics / By

Michael Giberson Image: MDOHKYgasprices_APR20_gasbuddy hosted on Flickr. Chart created at GasBuddy.com. Kentucky: Attorney General Jack Conway filed a motion last week seeking a temporary injunction to force Marathon Petroleum Co. to return its gasoline prices to April 26 levels, the date the state’s Governor declared a state of emergency due to flooding. From WLKY.com: Attorney General …

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A Once-stable Price Now Responding to Demand Changes Brings Price Gouging Charge

2 Comments / Economics, Regulation / By

Michael Giberson A letter to the editor of the South Florida Sun-Sentinel: The Interstate 95 express lane authority is price gouging! The express lane toll increases dramatically relative to traffic congestion, roadway emergencies and increased demand by motorists. A merchant who increases his prices during a weather emergency and times of increased demand can in …

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