Monday, September 29, 2008
Assignment Due Wednesday, October 1
Discuss the gas sitation in our area. Many gas stations are out of gas, and those that do have gas have long lines of sometimes angry and frustrated customers. Some stations are limiting the amount of gas each customer can buy. There are laws against gouging, which prevents gas stations from taking advantage of the situation by raising prices. But if they were able to raise prices and let capitalism run its course, perhaps people would be less likely to buy more gas than they need. So, the topic for this week's blog is: Higher Gas Prices: Gouging or Capitalism? Have fun!
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