Salt In The Wound For Those Affected By Hurricane Sandy

We last brought up the economic aspect of natural disasters back in May, this week Reason.TV brings us word on why there is a gas shortage after Hurricane Sandy wrecked havoc in New Jersey and New York states. 

Politicians with good intentions trying to make price controls work proves too tempting for some.  It is pretty safe to say that stores would indeed charge more for gas since delivery trucks and fuel storage were also affected by Sandy's destruction.  Trucks coming from farther away simply add more to the cost.  But would customers be paying twice as much?  If stores could charge more would they have more incentive to refill their tanks?

Learn Liberty has this quick study on the ways price bumps can be beneficial during tough times.