LaGrange GA is 90 miles south of Atlanta GA. In our little town we have experienced at-the-pump prices of $3.99 and higher now for months. 16 miles down the road to West Point Georgia gas prices are $3.79 per gallon. Obviously something is driving prices in LaGrange to compete with prices in Atlanta which is 90 miles away. One of our major oil distributors here (he owns 13 stations--Summit and Money Back stations) says it is being driven by a local sales tax increase on motor fuel scheduled to take effect July 1. He says "the per-gallon cost of gas and diesel will increase by 2.193 cents and 3.174 cents, respectively, because taxes are recalculated every six months based on average retail prices, which have gone up dramatically in recent months". He is calling for the county to suspend the gas tax hike, which the county has no authority to do. Only the Georgia Legislature could address that in January 2009. Sounds like a lot of mumbo jumbo to me. How can a future tax hike affect gas prices in the present? It is my opinion that McDonald Oil Company is making a lot of lame excuses for charging the citizens of LaGrange higher prices for gas bought at their stations. They can charge what they want at their 13 stations (out of approximately 30 in LaGrange), but I will not be purchasing gas from them here in LaGrange. There are too many variables involved in the sale of gas. What happened to the old KISS (keep it simple stupid) philosophy. If there are government regulations it should be on the percentage of increase allowable on a barrel of crude.
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00118
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007