On 4 Sep 2005 05:52:06 -0700, "Stagger Leechildraper"
wrote:

There was a gas station owner interviewed on a national tv news
broadcast ( he was an obvious foreigner, India, or someplace like that)
and admitted he increased the price to keep people from buying
gasoline. And get this, he said he might increase it more (it was
already over $3 a gallon!)! So yeah, they are gouging us for gasoline.

Pricing anything, including gasoline, according to the Law
of Supply and Demand is not "gouging." If that station
owner had priced his (and that is the operative word -
"his") gasoline too high, he wouldn't have sold any. And if
he didn't want to sell all of his (there's that word again)
gasoline at something more than his replacement cost, why
should he have to?

When YOU have something for sale that is suddenly much more
in demand, and there is much less of a supply of it, you
will sell it at a much higher price too - your labor, for
example, or your real estate, or your wheat crop, or your
rare Rembrandt painting, or your ... gasoline.

--
Robert Sturgeon
Summum ius summa inuria.
http://www.vistech.net/users/rsturge/