November 4, 2012

FIVE REASONS FOR THE POST-SANDY GASOLINE SHORTAGE. All real, but leaves out the distorting effect of price controls. And here’s something it seems like Chris Christie should’ve waived somehow: “New Jersey is the only state with mandatory full-service at gas stations (you can’t pump your own gas even if you want to). While this minor inconvenience is usually offset by New Jersey’s lower gas prices, the influx of customers means that gas stations are struggling to keep all their pumps manned, which slows down long lines even more.” Especially because if you can’t charge more for gas, you can’t hire more people to man the pumps without losing money.

UPDATE: Dave Kirkham emails: “You can’t pump your own gas in Oregon either.” I did not know that.