A Wisconsin gas station owner has been told by the state that he can no longer offer discounts to senior citizens and sports boosters.
But the state, Trade and Consumer Protection says those deals are too good: They violate Wisconsin’s Unfair Sales Act, which requires stations to sell gas for about 9.2 percent more than the wholesale price.
[BP station owner Raj] Bhandari said he received a letter from the state auditor in late April saying the state would sue him if he did not raise his prices. The state could penalize him for each discounted gallon he sold, with the fine determined by a judge.
Well. Alrighty then. BP’s second-quarter profit was $7.27 billion, an increase of 30% over last year. Exactly why do states need to set floors on gas prices?