Posts Tagged ‘Attorney General Van Hollen’

Views on News • February 13th, 2009

Minimum markup runs out of gas

by Chris Lato


For now, at least, Wisconsin’s archaic minimum markup law is down for the count. The Depression era law, which requires gas stations to markup the wholesale price of gas, was seen as a way to prevent some (read: larger) gas station chains from slashing their prices to drive others out of business, then hiking prices back up.

In reality, the minimum markup is anti-competition and deserves to die, especially at a time when the economy is hurting. Granted, the price savings wouldn’t be huge (estimated at up to 8 cents a gallon) but there will be an impact.

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