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Cantwell: no reason for hurricane to affect Seattle gas prices



Who says a stint in business is any guarantee of acquaintance with basic economics? Sen. Maria Cantwell (D-Wash.) spent time as a high-tech executive before winning her Senate seat, and yet is still unfamiliar with the process by which users in a crisis-stricken section of the country, their ordinary source of supply disrupted, can explicitly or implicitly bid away a resource from more comfortable users elsewhere:

One bill being written by Sen. Maria Cantwell, D-Wash., would make price gouging a federal offense and heavily fine violators....

[Cantwell said:] "There is absolutely no reason for gas to go up in Washington as the result of a hurricane."

See Sept. 14, etc.

 

 


Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.