What Is Behind Surging Gas Prices?

As gas stations raise prices in the wake of Hurricane Harvey,
there have been numerous accusations of price gouging. Especially
on social media, some are quick to conclude price gouging if they
see gasoline prices go up by 10 or 20 cents per gallon over the
course of a couple of days. At the same time, there are widespread
reports of gasoline hoarding, even as reports of shortages were
spreading across Texas. The photo above, which has been widely
circulated on social media, shows a motorist in Texas putting
gasoline in two plastic trash cans…

As gas stations raise prices in the wake of Hurricane Harvey,
there have been numerous accusations of price gouging. Especially
on social media, some are quick to conclude price gouging if they
see gasoline prices go up by 10 or 20 cents per gallon over the
course of a couple of days. At the same time, there are widespread
reports of gasoline hoarding, even as reports of shortages were
spreading across Texas. The photo above, which has been widely
circulated on social media, shows a motorist in Texas putting
gasoline in two plastic trash cans…