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(KSTP St. Paul)   Thieves buy convenience store with rubber check, sell gas at a big discount, mark everything in the store at 50%, collect $50,000 and scram before the downpayment check bounces   (kstp.com) divider line 10
    More: Weird, Non-sufficient funds, down payments, discounts, collects, gas  
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10972 clicks; posted to Main » on 21 May 2013 at 10:13 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-21 10:21:38 AM  
2 votes:
$3.85 per gallon is a discount? That's $0.40 more than here in Virginia. Sheesh.
2013-05-21 08:47:10 AM  
2 votes:
bullmurph.com

Approves

/fark you, pay me
2013-05-21 12:55:33 PM  
1 votes:

TheManMythLegend: Alonjar: They say it is illegal, under state law, to set gas prices too low because it is a regulated industry.

Classic.


I assume many states have this law,  it purpose is to prevent a big company cornering the market and driving out small gas stations that can't have a lost leader or need a larger profit margin to stay afloat.


DING DING DING DING DING!!!

That tactic was one of John D. Rockefeller's favorites. He'd swoop into a region and demand to buy up all the competition. If any remained who wouldn't sell to him, he would then sell his petroleum in the area at a loss, specifically to bankrupt them. Once they were dead, he'd move into their space.
2013-05-21 12:35:18 PM  
1 votes:
 They say it is illegal, under state law, to set gas prices too low because it is a regulated industry state sponsered racketeering .
2013-05-21 10:56:03 AM  
1 votes:

Wellon Dowd: musicmanboston: $3.85 per gallon is a discount? That's $0.40 more than here in Virginia. Sheesh.

That's because we have some of the lowest gas taxes in the country. Why have the people using the roads pay for them when you can get the non-drivers to subsidize them via the general sales tax?


That actually makes more sense, because non-drivers benefit just as much from the road network as drivers do. That is, unless you live on a self-sufficient farm. Shipping trucks contribute far more to the wear and tear on a road than commuters do
2013-05-21 10:27:10 AM  
1 votes:
Am I missing something?  $3.85 a gallon is considered low?
That's about 50 cents MORE than the going rate around me.
2013-05-21 10:24:29 AM  
1 votes:
It's been around 3.85 here in Ohio lately.  Between that and 3.60.  Glad there are regulations limiting how cheaply gas can be sold.  Too bad there aren't regulations limiting how expensive it can get, or how fast the price can climb when supplies aren't actually being affected by anything.  At all.

/Wish I lived close enough to work to just bike
2013-05-21 10:22:32 AM  
1 votes:
$3.85 gas a huge steal?
Wow its 4.29 in Waconia right now in most places. Wow I'm glad I live on the east coast  (3.59)
2013-05-21 10:19:57 AM  
1 votes:
Half off or not.....I ain't buyin one of these again
ts3.mm.bing.net
2013-05-21 10:16:49 AM  
1 votes:
Ladies and gentlemen.  THATS how you rob a farking convenience store!
 
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