Wednesday, May 09, 2007

Government Orders Station to RAISE Gas Prices

Given all of the recent media coverage, I thought most people were worried about HIGH gas prices. Well, apparently not the state of Wisconsin, which is worried about LOW gas prices.

A service station in Wisconsin has been ordered by the state to RAISE its prices, see the story here.

According to the government, any price can be illegal. Too low, it's predatory pricing; too high, it's price gouging (or ticket scalping); too close to the price of your rivals, its collusion or price-fixing.


1 Comments:

At 5/09/2007 2:32 PM, Blogger AllEyesAllEars said...

I can understand that prices need to be monitored. But having to raise any price because you're selling an item too inexpensively seems to be unfair. I realize that this is a ploy to try to capture more market share but bottom line is that the consumer is winning as well as the vendor. Everyone has the right to purchase from where they want to so why shouldn't everyone have the right to charge below the norm. Oh well, one more thing the government feels they need to be involved in i guess.

 

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