[Nathan Zachary]

""Short" supply is relative to demand. The price is the proof that demand is greater than supply."

So, where are all the service stations that are closed because they have run out of fuel to sell?

That to me, is what indicates a shortage of supply.

[Protagoras]

So, where are all the service stations that are closed because they have run out of fuel to sell?

Every station offering gas for $2 per gallon is out of fuel to sell.

[oceanview]

the higher price isn't curtailing demand (for alot of reasons), and there are no shortages. so the theory that the higher price is a market force that is correcting a supply/demand imbalance, falls apart. the price is higher, consumption is the same, supply must be the same because there are no shortages, so the higher price is due to "something else".

[gogogodzilla]

Last Friday, I had to go to three different gas stations to find one that hadn't sold out of gasoline.

This in Columbia, MD.