Mises Wire
Author:
Gary Galles
Online Publish Date:
In May, the House of Representatives passed a bill that could lead to fines as high as $3 million per day for gasoline price gouging, which it defined as charging a price that “grossly exceeds the average price offered for sale by that person during the 30 days prior” or “grossly exceeds the price at which the same or similar gasoline was readily