tag:blogger.com,1999:blog-22935790.post2101528600270570761..comments2009-04-03T14:37:57.772-04:00Paul Zhaonoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22935790.post-85367052489231272009-04-03T14:37:00.000-04:002009-04-03T14:37:00.000-04:00

FYI, gas shortage is over... time for a new post :D

Andrewhttp://www.blogger.com/profile/06803774382419831108noreply@blogger.comtag:blogger.com,1999:blog-22935790.post-25230925374444014482008-10-14T12:53:00.000-04:002008-10-14T12:53:00.000-04:00

Wait, they got individual price gouging laws in free economics? I also don't know business laws much, but I thought you just couldn't have every gas station get together and decide on a price, but as an individual, you can set your price anything you like?

Paul Zhaohttp://www.blogger.com/profile/03802339448310355959noreply@blogger.comtag:blogger.com,1999:blog-22935790.post-80586760189414052632008-10-14T11:19:00.000-04:002008-10-14T11:19:00.000-04:00

Yo Paul, what up!<BR/><BR/>I think the reason they ran out of gas instead of skyrocketing the price is because the demand principal is slower to react than that. If they just shot up the price, they would probably get in trouble for price gouging. I suppose they could raise it 10-15 cents a day but after a day or two of that, they'd be outta gas. <BR/><BR/>Just my guess though, I ain't no MBA

Andrewhttp://www.blogger.com/profile/06803774382419831108noreply@blogger.com