In a free market society, there is no such thing as price gouging.
Supply, demand and what the market will bear - that's it.
What the market will bear: It means "the highest price you can sell your goods at in the market you are in".
You need to know what your competition is selling their products at in order to get a guideline.
If the price is more than you want to pay - DON'T BUY IT!
It's not a buyers market right now, but that will change.