Supply and Demand, Not Price Gouging

I am getting annoyed with the rising chorus of pundits and ignorant politicians decrying the current high gasoline prices as “price gouging.”  Even MoveOn.org has jumped on the bandwagon.  Just read Robert Rapier’s entry on the Senate Hearing on Gas Prices to get a feel for how clueless or deliberately showboating our Senators are being.

Okay, [...]