In most cases, excessive is that part of risk (or speculation) that is above the author's assumption --- quite narrow meaning and devoid of policy implications.
Here we have government acting on something that does not exist --- like gouging. Beware, soon any profit-seeking will be declared gouging and fought against.
If they can limit the price of “things”, they can continue to pound the table and claim that, “There is no inflation, just look at the price of oil and Gold”.
Just more good tidings from the Management of Perspective Economics...