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Midwest Oil fined for selling gas too cheaply
Star Tribune ^ | February 24, 2006 | Tom Ford,

Posted on 02/24/2006 9:23:20 AM PST by george76

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1 posted on 02/24/2006 9:23:20 AM PST by george76
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To: george76

That's the Minnesota I remember...


2 posted on 02/24/2006 9:25:39 AM PST by Mikey_1962 (I grew up in a slum, when I got to college it had become a "ghetto".)
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To: george76

I'm from the government, and I'm here to help ya.

Bump


3 posted on 02/24/2006 9:26:18 AM PST by thackney (life is fragile, handle with prayer)
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To: george76
So what's the idea behind these laws? Is it to keep the prices artificially high so the state can get more bang for it's 2% gas tax? Or is it part of some anti-competition thingy?
4 posted on 02/24/2006 9:26:59 AM PST by tfecw (It's for the children)
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To: george76

Think that the fines have to do with the taxes raised by gas sales? What is the tax rate on gas in Minn?


5 posted on 02/24/2006 9:27:38 AM PST by benjamin032
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To: george76

Uneffingbelievable.


6 posted on 02/24/2006 9:27:41 AM PST by Past Your Eyes (You knew the job was dangerous when you took it.)
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To: george76

In other words, they are accused of "price gouging" by selling gas too cheaply.


7 posted on 02/24/2006 9:28:12 AM PST by oblomov (Join the FR Folding@Home Team (#36120) keyword: folding@home)
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To: george76

So let's see, we have the democratically-elected government of Minnesota suing on behalf of Minnesota citizens in order to make certain that Minnesota citizens pay more for gas. Got it.


8 posted on 02/24/2006 9:28:33 AM PST by 1rudeboy
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To: Past Your Eyes

The purpose is probably to keep someone from just dumping on the market below costs just to take out competition.


9 posted on 02/24/2006 9:29:14 AM PST by DonaldC
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To: george76

WTF? This is INSANE.


10 posted on 02/24/2006 9:29:20 AM PST by MadeInAmerica ( - Tested in the Middle East)
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To: Past Your Eyes
Uneffingbelievable.

You would think but in Merry-land they have the same law.

11 posted on 02/24/2006 9:30:27 AM PST by evad
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To: Mikey_1962

'...costing most customers an extra dollar or more to fill up, without adding to tax revenues..."


12 posted on 02/24/2006 9:32:51 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

If you sell for too high of price you're gouging, if you sell for too low of price you're unfairly competing, and if you sell for the same price as your competitors you're colluding.


13 posted on 02/24/2006 9:33:48 AM PST by KarlInOhio (Next Olympics I want wide track bobsledding. Four sleds on the track at once - like Ben Hur on ice.)
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To: tfecw
Actually..I realize they *say* it's to promote competition, but i thought the practice used in the article (of a large company using other products to subsidize a product, undercutting the competition) was already against the law.

ugh...I'm having an extra hard time getting the thoughts out of my head today ;)

All i'm trying to say is I thought jacking a price on shampoo and using the extra money to lower the price on medicine for the purpose of running all the mom and pop pharmacies out of business was already illegal.

So my original question is why is there a special gas rule? Does the MN state legislator set all the min prices on all products?
14 posted on 02/24/2006 9:33:57 AM PST by tfecw (It's for the children)
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To: tfecw

Some of the DUmmies believe that high gas prices will keep us from driving trucks, suvs, etc.

Which will then will stop global warming.


15 posted on 02/24/2006 9:35:37 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: evad

Yes: Here in Maryland we do have a similar law.

Its all about keeping big oil dealers like Wawa and Sheetz from underpricing and putting the local oil dealers who have local politicians in their pockets ,out of business.


16 posted on 02/24/2006 9:37:20 AM PST by sgtbono2002
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To: DonaldC
The purpose is probably to keep someone from just dumping on the market below costs just to take out competition.

Just in case some newcomer might come along and take out ExxonMobil and BPAmoco....

17 posted on 02/24/2006 9:40:05 AM PST by Koblenz (Holland: a very tolerant country. Until someone shoots you on a public street in broad daylight...)
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To: george76
A fine for selling something too cheaply? Can't allow competition - it ain't fair to the (well connected?) businesses too stupid to adapt to the market.

What else is the directly being made artificially more expensive there by the government? Indirectly it is everything...

18 posted on 02/24/2006 9:40:09 AM PST by M203M4
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To: george76
Simple violation of property rights. If you own the gas you can sell it for any price you choose.

If the State owns it, the state can set the price.

The Communist SOB's think they own it.

19 posted on 02/24/2006 9:40:40 AM PST by Mark was here (How can they be called "Homeless" if their home is a field?.)
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To: george76

Was min price fixing the result of some DFL grand illusion or what?


20 posted on 02/24/2006 9:44:30 AM PST by AZRepublican ("The degree in which a measure is necessary can never be a test of the legal right to adopt it.")
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To: Mark was here

The same stuff is happening in Hawaii.

Price Controls have never worked, are not working now, and will never work in the future.

However, there are enough stupid people who believe that socialism might work.


21 posted on 02/24/2006 9:46:34 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: sgtbono2002
Its all about keeping big oil dealers like Wawa and Sheetz from underpricing and putting the local oil dealers who have local politicians in their pockets ,out of business.

Yup...once you cut through all the bovine feces, that's exactly what it's about.

It's akin to the WalMart bill which purports to be about one thing but is really nothing but an attack by unions supported by their accomplices in the RAT controlled legislature.

22 posted on 02/24/2006 9:46:50 AM PST by evad
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To: george76

"Now I've Heard Everything" bump.


23 posted on 02/24/2006 9:48:23 AM PST by Hemingway's Ghost (Spirit of '75)
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To: Hemingway's Ghost

Whenever someone griped about the big profit that the oil companies made recently the argument I heard to support "not" doing anything about it was "let capitalism work and that will take care of the high costs".

well, this proves it....capitalism will never work when it comes to gas. The government has made sure of it.


24 posted on 02/24/2006 9:52:41 AM PST by annelizly
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To: george76
Kevin Murphy is an idiot.

Why do some presumably normal people elect, hire or otherwise tolerate such [censored] to rule over them?

I would do everything in my power to make sure that an [censored] like this would be dusting off his resume.

As a side issue, what possible rationalization can there be for a state government setting the minimum price for anything?
What happened to free exchange, private enterprise?

25 posted on 02/24/2006 9:56:55 AM PST by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: Mikey_1962

The champion of that ridiculous law was Jesse Ventura.


26 posted on 02/24/2006 9:59:44 AM PST by ButThreeLeftsDo
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To: M203M4
What else is the directly being made artificially more expensive there by the government? Indirectly it is everything...

directly, sugar and milk have strange price suports...

27 posted on 02/24/2006 10:01:29 AM PST by Koblenz (Holland: a very tolerant country. Until someone shoots you on a public street in broad daylight...)
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To: ButThreeLeftsDo

Well Jesse should be kicked in the stones for being a champion of that law.


28 posted on 02/24/2006 10:01:39 AM PST by hawkaw
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To: Publius6961

From the Peoples Republic of...

It is amazing that the voters keep re-electing these DUmmies.

There must be alot of dead people voting early and often.


29 posted on 02/24/2006 10:02:17 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Actually, Jesse never ran for a second term because he knew we wouldn't put up with this crap twice.


30 posted on 02/24/2006 10:06:46 AM PST by ButThreeLeftsDo
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To: evad

Here in Ontario it's worse- there's a law regulating the minimum price of beer :-((


31 posted on 02/24/2006 10:11:46 AM PST by Squawk 8888 (We Acadiens have nothing to do with Québec)
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To: M203M4
What else is the directly being made artificially more expensive there by the government?

It's not just there, it's everywhere...milk, tomatoes, oranges, electricity, medical care, the list is practically endless.
.
32 posted on 02/24/2006 10:13:35 AM PST by mugs99 (Don't take life too seriously, you won't get out alive.)
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To: Squawk 8888
minimum price of beer ...

They will stop at nothing.

33 posted on 02/24/2006 10:13:53 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76
"Never give a sucker an even break!"
"Tax 'em 'til they squeal!"
"Keep their tanks empty and charge 'em for the fumes."
-- (Taxes 'R Us ... State of Minn, the Land of Milk'em, Bilk'em and Rob)
34 posted on 02/24/2006 10:16:55 AM PST by Eastbound
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To: tfecw
"Or is it part of some anti-competition thingy?"

It's a sneaky way to subsidizes the oil companies without making the politicians look like crooks for taking their "campaign contributions".
35 posted on 02/24/2006 10:24:53 AM PST by JeffersonRepublic.com (There is no truth in the news, and no news in the truth.)
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To: george76

ust when you figured you'd been sh*t on enough,,,,,,,,,,,,,,,,,,,,,


36 posted on 02/24/2006 10:26:10 AM PST by Waco
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To: albertp; Allosaurs_r_us; Abram; AlexandriaDuke; Americanwolf; Annie03; Baby Bear; bassmaner; ...
Libertarian ping.To be added or removed from my ping list freepmail me or post a message here
37 posted on 02/24/2006 10:28:11 AM PST by freepatriot32 (Holding you head high & voting Libertarian is better then holding your nose and voting republican)
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To: Waco

Taxes can never be too high for them.

We can never pay too many taxes...for them.

Our wallets are never safe...from them.


38 posted on 02/24/2006 10:30:14 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Bad law.


39 posted on 02/24/2006 10:37:48 AM PST by Old Professer (Fix the problem, not the blame!)
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To: Squawk 8888
Here in Ontario it's worse- there's a law regulating the minimum price of beer :-((

Yikes!!!...That's cruel.

40 posted on 02/24/2006 10:38:37 AM PST by evad
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To: KarlInOhio
If you sell for too high of price you're gouging, if you sell for too low of price you're unfairly competing, and if you sell for the same price as your competitors you're colluding.

That's about it. I don't know about your area but down here in the Carolinas, Coke and Pepsi have solved that problem. They take turns having sales, one week it's Pepsi, the next it's Coke. Each week one bribes the grocery store chain for product placement and has a sale. Next week, the other does it. If you can drink either one or neither, you're fine.

Since the situation changes every week and at no time is one priced the same as the other, problem solved.

41 posted on 02/24/2006 10:40:40 AM PST by DeFault User
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To: Publius6961
As a side issue, what possible rationalization can there be for a state government setting the minimum price for anything?

Like labor?

42 posted on 02/24/2006 10:47:37 AM PST by Onelifetogive (* Sarcasm tag ALWAYS required. For some FReepers, sarcasm can NEVER be obvious enough.)
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To: DeFault User

I can buy Coke or Pepsi cheaper when they have their sales at Walmarts , than I can buy it directly off the truck. I was told by the driver that they buy theirs at Walmart or wherever the sale is because its cheaper than the employee price. ./


43 posted on 02/24/2006 11:22:31 AM PST by sgtbono2002
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To: DonaldC

"The purpose is probably to keep someone from just dumping on the market below costs just to take out competition."

... despite the fact that such a pricing strategy can never be profitable for the "dumping" firm!


44 posted on 02/24/2006 11:25:56 AM PST by riverdawg
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Comment #45 Removed by Moderator

To: george76

Maryland has a law like that, too. A great bonus for rent-seekers.


46 posted on 02/24/2006 12:50:50 PM PST by Tolerance Sucks Rocks (Now is the time for all good customes agents in Tiajunna to come to the aid of their stuned beebers!)
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To: DeFault User

Imagine what they would get for punishment if they had given it away. Probably execution.


47 posted on 02/24/2006 1:02:31 PM PST by Past Your Eyes (You knew the job was dangerous when you took it.)
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To: george76

good find


48 posted on 02/24/2006 1:29:47 PM PST by traviskicks (http://www.neoperspectives.com/israel_palestine_conflict.htm)
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To: traviskicks

Thank you.


49 posted on 02/24/2006 2:24:13 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: KarlInOhio
Gubmint Goldilocks price: it's "juuuuust right"
50 posted on 02/24/2006 3:07:03 PM PST by Rakkasan1 (Muslims pray to Allah, Allah prays to Chuck Norris.)
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