Governor: Minimum Markup Law is 'Old Fashioned'

By  | 

At the Synergy Conference in Eau Claire Wednesday, the Governor called the law 'old fashioned.'

He doesn't understand why gas is the only product in Wisconsin that requires wholesalers to mark up the price three percent higher than cost, and retailers to mark it up again by another six.

"I just think we ought to let the market decide if we're gonna leave some competition and somebody only marks it up one percent, that's great," the Governor said, "for the consumers."

A bill that would have repealed minimum mark-up on gas was rejected by a state senate committee on Tuesday.

Still, a companion bill exists in the assembly, and the committee chair, a supporter, can schedule this for a full senate vote.