Shortages Ahead ?

Driving down the New Jersey Turnpike last Sunday, I encountered an unmistakable sign that gasoline problems are close. Every service plaza we passed from New York to Delaware had 100 or more cars waiting in line for gas. Now these lines might have been a simple case of economic theory in action. For some unfathomable reason, the New Jersey Turnpike plazas were selling gasoline for 25 to 30 cents per gallon cheaper than surrounding states. As this comes out to something like $6 per tank full, it is possible that there was no real shortage and a lot of motorists decided that a 100-car line was worth the savings.

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