Regulating Gas Prices

Yeah, this will work.

State Rep from Washington County Mike Solobay wants to regulate gasoline like milk, and wants to duplicate a bill California drafted years ago.

"It basically set up a board similar to our Milk Marketing Board, but it gave the authority to a public utility commission to regulate the pricing and cost of what the pricing could be for fuel and processing of gasoline and different oil products."

He's planning to talk with folks at the PUC and the milk board, then draft a blueprint to help prevent gouging at the pumps.

Did anyone notice that milk, like cigarettes are sold at state minimum prices? Those prices are act as an artificial floor for cigarettes and milk. The government of Pennsylvania is actually costing you money. Milk and smokes could be cheaper. Really.

Think of the millions of poor who are overpaying for those sundries.

What "needs" to be done is setting a state maximum price for gas... which always leads to shortages.

If the high cost of fuel is really a problem, surely the state could forsake it's cut of your gallon of gas. They didn't drill for it. They didn't produce it. They didn't refine it. They didn't deliver it. They didn't store it. They didn't even sell it!

Pennsylvania collects $0.32 per gallon of gas. How much would that save you per week?

He's a Democrat, btw...

Economics and Markets Oil and Energy Posted by AlexC at June 4, 2007 12:19 PM