Last year, I wrote a research report explaining how the minimum markup law on gasoline forced consumers to pay too much at the pump. A month ago, the law was declared unconstitutional by a federal court. Now, we’re seeing gas prices fall, to the benefits of consumers.
These gains may be short lived, however, as Governor Doyle’s new budget imposes a previously-rejected “oil franchise fee” on gasoline. There is no serious person that believes this tax won’t be passed on to consumers at the pump.