Don Bodreauk writes about an effort in 2002 by ExxonMobile, Texaco, BP to keep gasoline prices from falling in Virginia. It’s ridiculous that we so frequently see corporations on one hand use the free market as an excuse to keep themeseleves from being regulated and also look for legislative protection from its workings.
Local distributors for ExxonMobile, Texaco, BP, and other major oil companies asked the state legislature to protect them from the low gasoline prices charged by Sheetz and Wawa, two innovative companies that operate conveniences stores on the east coast.