Gas Station Owner Says State Won't Let Him Lower Prices
- From: "Kara" <alabamalyme@xxxxxxx>
- Date: 10 Aug 2006 05:21:54 -0700
Gas station owner says state won't let him lower prices
August 9, 2006
MONROE, Wis. -- An ethanol-pump owner says he wants to lower his prices
but the state won't let him.
Badger Ethanol in Monroe charges around $2.22 for a gallon of E-85, an
alcohol-fuel mixture that is 85 percent ethanol and 15 percent
gasoline, by volume.
Badger's owners wanted to cut the price to $2 but said they had to
artificially hike prices after some competitors complained Badger
wasn't meeting the state's minimum markup laws.
The markup law is "antiquated" and the governor and Legislature should
eliminate it, said Gary Kramer, head of Badger State Ethanol.
Wisconsin Consumer Protection investigators launched a probe into
Badger's fuel prices and found E-85 selling for just over $2 a gallon.
Based on a complicated formula, the investigators said the price should
have been $1 more.
On Tuesday, Gov. Jim Doyle ordered state investigators to do nothing to
stop the pricing.
The move came hours after Doyle's Republican opponents ripped the
investigation into Badger Ethanol.
AP
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