Oil companies were warning motorists on Sunday that they would not be able to produce adequate supplies of gasoline in the days ahead because so many of their refineries were still not operating in the aftermath of Hurricane Ike. As a result, prices at the pump began soaring again. (New York Times, Monday)
The price-gouging charges are already flying.
FEE Timely Classic
On Price Gouging by Donald J. Boudreaux