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The Cause of Gasoline Shortages
I came home and did a search on the web, and I found a story about the shortage in Nashville. The story said that a rumor of an imminent shortage had swept Nashville, and people lined up their cars to fill up their tanks. My daughter said that she had been in a long line herself. She was able to fill her gas tank, but shortly thereafter, the gasoline station manager placed "empty" signs on the pumps.
Here we have a classic example of rationing by lining up. A week before, there had been a regional gasoline shortage as a result of fears regarding Hurricane Ike and the possibility that gasoline refineries in Texas would be shut down for months. Some gas stations raised prices, but others refused. The ones that refused ran out of gas. People sat in their cars for half an hour or longer in the hope of getting to a pump, and filled up their tanks.
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