The information I’ve seen from other jurisdictions where they’ve attempted to regulate gas prices just shows in the long term that there are no real long term benefits to the residents of that jurisdiction. In many cases it has a counterproductive influence, where if the prices aren’t right or if they’re too low, the folks who supply the fuel will just go to other jurisdictions where they can get a far better price. I don’t think, on the face of it, that we want to be running down the path setting up those kinds of forces in the market system we currently have.
Michael Miltenberger on Question 503-16(2) Fuel Price Regulation And Consumer Protection Measures
In the Legislative Assembly on October 21st, 2008. See this statement in context.
Question 503-16(2) Fuel Price Regulation And Consumer Protection Measures
Oral Questions
October 20th, 2008
Thebacha
See context to find out what was said next.