Quite the opposite, he's a somewhat populist moderate Republican. He plans to prosecute people guilty of increasing their prices more than 10% during the crisis to full extent of the law.
Quite the opposite, he's a somewhat populist moderate Republican. He plans to prosecute people guilty of increasing their prices more than 10% during the crisis to full extent of the law.
Restricting price changes during a crisis (or any time really) is a fantastic way to create shortages, delay the arrival of needed or substitute resources, encourage hording, and so on.
* The gas stations without electricity aren't to get electricity any fast because the price of gas is higher.
* Gasoline shipments aren't going to come any faster.
* New gas stations aren't going to pop up as entrepreneurs move into the area to capitalize on increased demand for gas.
A disaster isn't necessarily a 'market force.' No one is going to get supplies into a disaster zone faster because they are trying to turn a quick buck. Especially since it isn't like they can setup shop and expect the increased prices to persist.
If you can sell gas for $10/gal then it becomes worthwhile to get a generator and start pumping gas.
If you can't sell gas at a premium you won't bother.
You could say the same for anyone with a truck that has a bulk tank. If they could go house to house selling gasoline at a premium you can bet good money people would be trucking in thousands of gallons of fuel for generators. But that's price gouging so everyone goes without...