Anyone seen Mad Max around?

The Tennessean discusses the gas situation in Middle Tennessee. Latest word: Should improve later this week. The Nashville City Paper opines that the state and Metro government should do a better job putting out information.
Economic basics tell us that stations did not raise prices high enough, fast enough. It seems clear that stations are reluctant to increase prices at the pump, better to get a shipment and just sell it out as cars pull in one after the other. If a station jacked up the price to $6.00 /gallon you would hear accusations about gouging, taking advantage of the situation and so on... but they'd get the gas if they wanted it.
Most important lesson: We are more vulnerable than most of us realize to small supply shocks.