He cut his prices by some 43% and is still making a slight profit??????? Perhaps the real question people need to be asking is whether there should be a price ceiling on gas to help keep the crooks from robbing us blind.

I guess I don't understand the problem. If someone wants to operate a business at a loss or a minimal profit, I don't see why the government should step in.

It's sad that gas station attendents are going to lose their jobs, but you can just as easily argue the other way that the new prices are going to keep just as many consumers from getting into a jam -- and it is only a temporary measure.

Ummmm. What exactly is price flooring? Putting a limit on the minimum price a business can charge?

How would this be any different than a store offering door buster prices on products the day after Thanksgiving?

With just a few exceptions, medicines and basics after a disaster, etc, a business should be able to charge whatever price they want. That goes for a price that's too high or too low.

Who on Earth would set the price floor? And how would they decide. I say let them go as low as they want to go.

In response to Kat:Yeah!!! Finally we agree on something. Unless it's a large company trying to price everyone out of the market so they can become a monopoly, the government has no business butting in.

In response to Cass:Hmmmm. Yep, does seem rather fishy tbat that big a cut still brings him a profit.

What a silly idea. Businesses are allowed to charge too little.

In response to corinthians:I've never heard the term before, but that's what I'd assume that it means...kind of the opposite of a price ceiling.

I think the government should not interfere in such matters and in business it should be left totally on the person doing business.

In response to Cass: Amen, I'm much more supportive of a "ceiling" than a "flooring". I'm not worried about anyone charging too little for gas right now, when there are so VERY, VERY many people out there charging too much for it.

Well, it is a matter of offer and demand! I remember a guy that in protest did exactly the opposite: He put the price on his gas station at $5 so nobody would go and buy it, and even that way, he got some people going and buying gas from him at that price. I think the demand should determined that, and if they don't want to have more proffit, then the government shouldn't interfere.

I'd definitely support Cass' view, if he still makes a profit surely the issue is with the exorbitantly high prices.

On the other hand, if this were to continue long term, there would be a problem. The local gas station industry could turn into a disaster and this would affect many people, particularly employees who are made redundant. By stopping price flooring, the people it is protecting is the general public as their jobs are safeguarded, it isn't something that offers them no benefit.

There's nothing wrong with what he's doing in this case, however; it couldn't carry on this way without causing damage, therefore I am forced to disagree with regards to allowing it.