Friday, April 20, 2007

Reason #1857 why regulating gas prices doesn't work

In Nova Scotia: Gas stations can't compete with the artificially regulated New Brunswick gas prices.

Read the story here

Oh and in case you're wondering the "gas-price watchdog group" referenced near the end of the story isn't the Canadian Taxpayers Federation. Because if it was we would have said "you will now see gas stations only react one week late to their competition within the market instead of two weeks late, huzzah!" Instead of "consumers will notice price increases more frequently."

Because that's not necessarily true.

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