A defense of "price-gouging"

Cato's Jerry Taylor says "gouge on."

The reason that gasoline is disappearing from service stations across the nation is because station owners aren’t gouging with sufficient gusto. Whether out of a misguided sense of kindness, concern about what politicians might think, fear of bad press, or the desire to keep customers happy, they are pricing below what the market would otherwise bear and, as a result, their inventory has disappeared.

Now, how are the poor been helped by service stations closing down for lack of fuel? Gas at $6 a gallon, after all, is better than gas unavailable at any price. Moreover, shortages are likely to disproportionately affect the poor since rich people can spend more money finding gasoline and securing alternative means of transportation.