If you read today’s Journal article, we are glad that other Republican candidates have seen the benefits of TheMelchertPlan.com and are seeking to adopt it! Now if you’ve looked through the article you may have noticed that we claim we can cut gas prices up to 10% and may have noticed the Journal figures on the article
- Reformulated gas mandates – 14 cents per gallon
- Lower state gas tax – 4 cents per gallon
- Eliminate Minimum Markup Law – 8 cents per gallon
Now some of you may have noticed that this adds up to 26 cents and thats short of 10% at $4.00/gallon. We have too.
- Other bloggers note that the cost of the Minimum Markup Law is understated and should be closer to 18 cents per gallon.
- Because of the law, and the threat of lawsuits to companies like Flying J, other companies like Wal-Mart who have supercenters in the area do not have gas stations and are unable to lower prices like they did when they came into California.
- Because of the law, innovations such as “pay in cash/save cash” are not available in Wisconsin (in some states drivers are saving more than 30 cents a gallon by paying in cash.
Like ethanol mandates/subsidies (which have been estimated to cost a mere $0.08 per month per taxpayer); any type of regulation, subsidy, or forced pricing controls restricts innovation, competition, and a better economy. What if the government had mandated/subsidized/price-controlled BetaMax or 8-track tapes?
