No.Price gouging or “supply and demand”? It’s both. The market is designed to take advantage every chance it gets.
Supply and demand are analytical concepts. They are derived from axiomatic theory. The framework enjoys considerable empirical support.
Price gouging is a moral concept. Using Dark Ages morality to determine policy in the 21st century is a risk-fraught exercise. Accusations of 'price gouging' have in the past lead to policy solutions that were far worse than the disease.