http://money.cnn.com/2008/09/15/news/economy/Ike_pain.ap/index.htm
So I'm not exactly sure what we're exactly supposed to post on... but I came across an article on the weekends "extreme" gas price spike. President Bush had announced that the country would be in a "pinch" because of rising gas prices due to Hurricane Ike's path in the Gulf Coast, but said that Americans wouldnt be subject to "gouging". However... it seems weird that one gas station went from $3.59 last Thursday night to $3.99 on Friday, and another, at the same beginning price, jumped to $4.69. When the two were within minutes of one another in location. This to me, seems like "gouging." I understand that the 3.99 station would sell out of gas sooner than the 4.69 station, and that might have been their strategic plan. President Bush said that if Americans suspected price gouging, then to report it to federal agencies, but I honestly don't think that would of any significance to do so...
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This is true but we as consumers didn't help matters by running to the gas pumps once we heard the news about Ike. That in part made matters were for us because that spike in demand allowed gas stations to raise prices the way they did.
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