Governor Steve Beshear while busily trying to save the state from too-low cigarette taxes and the hope of for a sustainable public employee benefits program, took time out today to try his hand at being a petroleum economist.
Love this rhetoric:
“I am outraged by the voracious practices of price gouging we are seeing,” said Gov, Beshear. “Today, I have taken an extraordinary step to protect the consumers of the commonwealth from these predators.”
I guess we will all feel safer under the protection of our daring governor as long as a real disaster doesn't lead to shortages -- albeit moderately priced shortages -- at Kentucky gas stations.
And since he says "we are seeing" all this "price gouging," Gov. Beshear shouldn't have any trouble pointing out at least one specific example. Right?