Are Gas Prices in Wisconsin ... Too Low?
State investigates whether gas stations broke law with $3.39-per-gallon price
By Ruth Brown, Newser Staff
Posted Jun 1, 2013 3:11 PM CDT
A gasoline station attendant pumps gas in this file photo.   (AP Photo/Rick Bowmer, FILE)

(Newser) – Is it even possible for gas prices to be too low? Wisconsin says yes, and state authorities have stepped in to investigate after a month-long price war between local gas stations in Oconto County saw four stations offering prices as low as $3.39 a gallon this past week—nearly 50 cents less than other stations in the area, WBAY reports.

Wisconsin law says gas must be sold at a minimum 9% mark-up on the wholesale cost, to help protect smaller companies, reports Fox 11. Investigators from the Wisconsin Department of Agriculture, Trade, and Consumer Protection are now looking in to whether the prices offered by the Krist, Mobil, Shell, and BP stations were illegally low. Prices are now back up to at least $3.729, WBAY reports.

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MariahRobertson
Jun 7, 2013 2:12 PM CDT
Remember the days when $3.39 was an exorbitant amount of money for a gallon of gas? Now, we're saying that that is too low? Gas prices will continue to rise unless we have competition in the fuel market. When consumers have no choice about what they fill up their cars with, it allows the oil companies to set the price. By introducing replacement fuels into the market we can drive fuel prices down! I want to be the one choosing what I put in my car, and not let oil companies and the government do it for me.
NorCalHal
Jun 2, 2013 8:36 PM CDT
Might be too low if the administration is going to continue pushing (and spending billions promoting and underwriting (subsidizing) electric and other vehicles, instead of permitting buyers and market conditions to prevail.... But gasoline could sell for about $ 2.00 / gallon if the Keystone pipeline, offshore drilling and new refineries were approved. Imagine how many jobs would be created and how much money we would have to spend on things, other than fuel, if that were true!
nottom
Jun 2, 2013 9:56 AM CDT
What a ridiculous law