For the Record

Also, federal regulations fragment what was once a national gasoline market. The Environmental Protection Agency decrees that certain kinds of gasoline be used in certain regions. When a refinery or pipeline goes down in certain markets, such as California, gasoline sellers can’t legally buy from other markets. The result: wild swings in gasoline prices. The regulations also make gasoline more

Price controls are a bad idea. Here’s a better one: reduce gasoline taxes.