Sunday, May 30
The high costs of crude oil
and refining are two reasons
gas is so expensive.
Minnesota Gas Stations Fined for Charging too Little
A law the state adopted in 2001 in an effort to protect small service-station
businesses prohibits gas stations from selling gas without taking a minimum
profit. These days, they must charge at least 8 cents per gallon, plus taxes,
more than they paid for it.
On Friday, the Commerce Department announced a $70,000 fine against
Murphy Oil for breaking the law at its 10 Minnesota stations and fined Kwik
Trip Inc. $5,000 for violations at one station.
With US oil prices at a record high and many drivers cutting back on their
gasoline usage, convenience store owners are feeling pressure to cut back
on profits and keep prices low.
Check Gas Prices at Local Convenience Stores
Added June 1:
Oil Price Hits 21-Year High After al-Qa'ida Attack in Saudi Arabia