Who Is Gouging Whom?

Last Wednesday the House of Representatives passed legislation instituting penalties of up to $150 million for companies and up to $2 million and 10 years’ imprisonment for individuals found guilty of gasoline “price gouging.” But the real gouger...

Who Is Gouging Whom?

Last Wednesday 79 members of the House of Representatives introduced a bill instituting criminal and civil penalties on any corporation or individual found guilty of gasoline “price gouging.” But the real gouger driving up gasoline prices is not the...

“Price Gouging” Laws

The House has approved a bill that imposes criminal and civil penalties (up to $150 million for refiners and $2 million for retailers) on any energy company found guilty of “price gouging.” But selling at prices some people feel is too high violates no...
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