it's price gouging for me to jack up the price of my house which cost me much less when I bought it, just because there is an increased demand for housing by immigrants.
It's price gouging for me to jack up the cost of my labor to a rate much higher than when I started working, just because there is a shortage of people in my IT skill set.
It may or may not be price gouging. However, I would really love to know how the BP station down the street from me can jack up the pump price SEVENTEEN CENTS overnight. That's the biggest jump I've seen since Katrina hit. Someone please tell me how that's not gouging. Compare that to the Exxon station across the street that raised it's price five cents. I'm having a real hard time understanding how that's not gouging.