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LL 4/18/22: A Real and Present Danger - RETURN OF '70s STYLE PRICE CONTROLS COMING?

What's worse than gasoline price spikes and rapidly rising inflation? It's federal price controls, as this study using the Letter's archives of 1970s nightmares of fixed retail margin and supply allocation reveals. A return of those complex and abusive rules may be festering right now and would once again wreak great havoc and damage to all parties. Today's eye-popping pump prices would be joined by station outages, closures, and long lines of angry motorists.