If Congress starts to take this kind of thinking seriously again as they did in the 70's then we'll have gas lines again. Back then they set wholesale price caps on gasoline supposedly to prevent excess profits and speculation. The lines appeared overnight. For someone who lived through that it's amazing to see these discredited arguments come back to life again.
Higher prices are natures way of allocating scarce resources to the most efficient consumers. Shortages are natures way of punishing us for price fixing.
This is a really really bad time to have a democrat congress.
Check out gold, or other commodity prices. They are all up, while the $ is down. It’s the Fed, not speculators, who are trashing the value of our money.