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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

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.