Government could buy emergency petroleum reserve as futures
Submitted by brad on Fri, 2005-09-23 17:31Many are commenting on the gasoline shortages and price increases involved with hurricane evacuation and other emergencies. Some people can't get gas to get out of the city. Others full up giant tanks even when they don't need it. Stations raise prices as supply drops and demand increases, as per the normal rules of the market. Some suggest the stations be price-controlled to stop this, but that would only result in even more gas hoarding by the public.




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