Lynne Kiesling On Wednesday the U.S. House passed a gasoline price gouging bill. The bill’s chief sponsor, Democratic Rep. Bart Stupak of Michigan, said he had no doubt the FTC would be able to determine price gouging once the agency had a law to uphold. The measure would establish the first federal law against energy …
Michael Giberson Price gouging has been all over the news lately. In Kentucky the state Attorney General has sued Marathon Oil for allegedly gouging customers in the months after Hurricanes Katrina and Rita. (Marathon is counter-suing the state, claiming the state’s law is unconstitutional on a number of grounds.) In Missouri the state has recently …
Lynne Kiesling Greg Mankiw beat me to it yesterday by linking to and excerpting Michael Salinger’s commentary on price gouging in Saturday’s Wall Street Journal (subscription required). Salinger, who is currently at the FTC (on leave from BU), draws his commentary from a recent FTC report on “price gouging” (I haven’t read it yet, maybe …
Lynne Kiesling Kevin at Truck & Barter has a Q&A with himself on “price gouging”. Well worth the read; he summarizes the economic arguments nicely. Feel free to forward it to you member of Congress.
Lynne Kiesling Mr. Coyote has a post from last week (complete with good links) on that mythical economic concept: price gouging. There are two ways this can play out: 1) a short term spike in prices, as much as a dollar or more a gallon or 2) long and irritating gas lines. Lets hope that …
In this commentary on NPR’s Morning Edition on Friday, Russell Roberts explains how oil companies cannot “gouge” us with high gas prices. You can also read a transcript of the commentary. Here’s the intro, to entice you to read the whole thing: Whenever gas prices go up, we hear about the power of oil companies …
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