EDITORIALS
Resist Panic on
Gasoline Gov. Sanford right to decline
to declare a price-gouging emergency
Gov. Mark Sanford declined Thursday to declare a gasoline
emergency - the legal step necessary for the S.C. attorney general's
office and local law-enforcement authorities to prosecute gasoline
retailers for price gouging. Sanford's refusal to take that step
will disappoint local folks who are furious - furious - that gas and
diesel prices jumped as much as 80 cents per gallon after Hurricane
Katrina damaged much of Louisiana's refining and gasoline-delivery
infrastructure this week.
The governor, however, was right to desist from invoking the
price-gouging law - which also can apply to lodging, food and other
necessities that always are in short supply when a tropical storm
hits. Some local gas station owners no doubt jacked up their retail
prices on gas and diesel supplies delivered wholesale at pre-Katrina
prices. But other station owners raised prices to extend the limited
supplies they have - a valid motive. And still others paid higher
prices for recent wholesale deliveries and needed to raise their
retail prices to avoid operating in the red.
Readers need to accept that the gasoline situation is going to be
dire for the next month. It will take at least that long for workers
to get refineries back on line, supply electricity to pipelines and
clear the Mississippi and Gulf of Mexico for crude oil
deliveries.
The best step for readers to take, even as they fume about high
prices, is to cut back on driving to conserve the gas they have -
and resist the temptation to top up their tanks every day or so.
Such herd behavior will only drive prices higher. If we remain calm
and use only the gasoline we need, we can get through this
shortfall. |