Monday, March 9, 2015

Now This is How You Really Get Around Price Controls and Rationing

In the 1970s when price controls were instituted on gasoline, not surprisingly, gas lines and shortages developed and the government instituted gasoline rationing.  As a follow up to a post earlier today, How Some Hookers Beat the 1972 Price Control Induced Gas Shortages and Lines, a friend tells me that a very wealthy San Francisco-based businessman simply bought his own gas station.

He put up a chain and closed the station off to the general public and used the allotted rationed supply, that the station got, to fill his own vehicles and allowed the rest to be  used by his friends.

I am also told that a wealthy US ambassador bought a gas station, during the period, and moved the tanks on to his sprawling Virginia property.


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