Haven’t we been hearing about how gas prices are too high for months? Then why is the Minnesota government fining Midwest Oil for pricing their gasoline too low?
Really, the big question here is not whether a government should fine gas companies for selling their product for too much or too little, but as Greg from Rhymes with Right puts it: “Since when is it the business of government to set prices?”
The government hurts everyone whether they try to set prices too high or too low. Set prices too high, the consumer loses–set prices too low, the company loses. Our best bet is always to give good old supply and demand a chance.