John Seesel Price Quotations

A seller with lawfully acquired market power including market power arising from an act of God can charge any price the market will bear, so long as this seller does not join with others to set prices or restrict supply.

Consumers shouldn't infer that there is something particularly suspect going on if they see price variations. . . . If you saw the same price at every station it might indicate competition is working perfectly, but it isn't inconsistent with competition that there's a variety of prices.

The commission is very conscious of the swift and severe price spikes that occurred immediately before and after Katrina made landfall.