Friday, May 25, 2007

Well, I Feel Better

We've got Peter Franchot on the job:

As the chief regulator of gasoline in Maryland, Comptroller Peter Franchot says it's his job to stand up and get answers about pricing for Bill and everyone else who is angry. He says, "Consumers have a right to know and big oil companies have an obligation to come clean with this information."

To get the information, Franchot has launched an investigation into exactly how gas is priced. He's focused on the major oil companies...sending each a letter asking them to explain and justify a practice that's been kept secret for years. It’s called zone pricing. Franchot says, "It raises real suspicions. They claim its some elaborate software they have but we'll find out. I look forward to having them explain why gas is 40-cents more expensive at an Exxon in Silver Spring than an Exxon at BWI.".

I'm glad to see that a guy who has no idea how economics work is on the case.

I've got a better idea; why doesn't Franchot go investigate why the cost of government keeps rising and rising despite the fact that the people get less and less in return every day....

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1 Comments:

Blogger Jerry Shandrowsky said...

Make no mistake, Franchot is only upset about current gas prices because it makes it a difficult climate to sell the gas tax that he's foaming at the mouth to see passed.

8:48 PM  

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