Economics in the Media…

…from “After floods, no price-gouging complaints, attorney general says” by Gary Dinges in the May 28, 2015 issue of the Austin American-Statesman.

After flooding in the spring, Dinges apparently found it noteworthy that hotel prices in Hays County, Texas didn’t sky rocket:

The Texas attorney general’s office says it hasn’t received any complaints alleging hotels have jacked up prices in the wake of devastating floods that left thousands homeless in Central Texas and elsewhere throughout the state.

Because, obviously, excess water causes hotel owners to arbitrarily raise prices, and that is bad:

Price gouging is illegal, and the state has, in the past, prosecuted businesses looking to take advantage of people impacted by disasters.

The fact that demand for hotel rooms evidently did not change, seems like an after thought to Dinges:

In Hays County, which was hit especially hard, hotels aren’t reporting a space crunch. In fact, plenty of rooms remain available.

Almost 20 hotels in San Marcos are still taking reservations, according to Hotels.com, with prices ranging from $40 at the Executive Inn & Suites, 930 N. Interstate 35, to $169 at the Embassy Suites San Marcos, 1001 E. McCarty Lane.

“Vacancy” signs are up at many hotels in nearby cities, such as Kyle and New Braunfels, as well.