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Price gouging versus price reduction in retail gasoline markets during Hurricane Rita

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  • Neilson, Henry

Abstract

Using extensive hand-collected retail gas prices, I show that there was no price gouging in Bryan/College Station during Hurricane Rita. Instead, the retail price markup dropped by twelve cents during the hurricane, despite most stations running out of gas.

Suggested Citation

  • Neilson, Henry, 2009. "Price gouging versus price reduction in retail gasoline markets during Hurricane Rita," Economics Letters, Elsevier, vol. 105(1), pages 11-13, October.
    • Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:11-13
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    Cited by:

    1. Xiaojia Bao & Puyang Sun & Jianan Li, 2023. "The impacts of tropical storms on food prices: Evidence from China," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(2), pages 576-596, March.
    2. Erwan Gautier & Christoph Grosse Steffen & Magali Marx & Paul Vertier, 2023. "Decomposing the Inflation Response to Weather-Related Disasters," Working papers 935, Banque de France.
    3. Guangyong Zhang & Lixin Tian & Wenbin Zhang & Xu Yan & Bingyue Wan & Zaili Zhen, 2020. "A Study on the Similarities and Differences of the Conventional Gasoline Spot Price Fluctuation Network between Different Harbors," Sustainability, MDPI, vol. 12(2), pages 1-25, January.
    4. Luís Cabral & Lei Xu, 2021. "Seller reputation and price gouging: Evidence from the COVID‐19 pandemic," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 867-879, July.
    5. Jing Xu & Alan T. Murray, 2019. "Spatial variability in retail gasoline markets," Asia-Pacific Journal of Regional Science, Springer, vol. 3(2), pages 581-603, June.

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