Gas-price laws aren’t working
Anti-price-gouging laws are a bad idea, and those of us in the Southeast are suffering because of them.
Because of the pipeline leak in Alabama, normal distribution channels of gasoline are temporarily disrupted. As a result, current demand outstrips supply. In a free market, prices would rise until demand lessened enough to rebalance the equation. But anti-price-gouging laws restrict the prices to an artificially low level. The result is almost no one can buy gas at any price as stations are drying up left and right.
Certainly, no one wants to pay $5 or $7 per gallon, but if that were the new temporary market price it would reduce demand and make more gas available on the market. Instead of filling up to the brim whenever one finds a station with gas in its tanks, as occurred because gas is still $2.50 or below, if gas were much higher we would all make a different cost/benefit decision and only buy the minimum we think we will need for the immediate future.
That would leave more gas for other consumers to purchase.
Again, we know this is a temporary situation. The pipeline will be fixed, distribution channels will fill again, and prices will go back down.
But if you need to buy two gallons of gas so you can get your sick mom to her dialysis appointment and all the stations nearby are dry, you'll quickly agree that anti price gouging laws are a feel-good idea with terrible consequences.
Ask Congress to fight cancer
Recently I traveled to Washington, D.C., with more than 700 of my fellow American Cancer Society Cancer Action Network (ACS CAN) volunteers from across the country to urge Congress to support lifesaving policies that help people prevent and better treat cancer. I called on lawmakers to increase federal funding for cancer research, support legislation to improve patient quality of life and remove cost barriers to colorectal cancer screenings for seniors.
When I met with U.S. Rep. Mick Mulvaney, R-Indian Land, I told him that Congress should seize these opportunities to put partisanship aside and make ending cancer as we know it a top national priority.
I let our lawmakers know that people and families touched by cancer in South Carolina and across the country are counting on them to support legislation that would help make cancer history. With one in two men and one in three women being diagnosed with cancer in their lifetime, we can’t let this year pass without taking legislative action on these important issues.
I encourage you to add your voice. Visit www.acscan.org to be connected to people like me in your community.