Everyday there is a story about how the oil companies are gouging the populace and earning millions on inflated gas (you were thinking other gas, huh?) prices here in the U.S. But check out the problem they have in Mexico where there is a price run on tortillas! As you may or may not know, tortillas are a staple food in this latin country.
Officials hoarding tortillas can be jailed up to 10 years. That's pretty steep in my opinion but it shows how serious the government is.
So, what happens here? Nothing of substance. I believe the oil companies learned from the 'energy crisis' that we had a few years back and saw how much money could be made. Prices go up like a rocket and come back down like a feather.
What penalties should be doled out for gougers?