Law puts brakes on fleeting gas price war

A gasoline price war erupted in St. Mary’s County last week after one station slashed its price for regular to $1.999 a gallon and spurred three others to follow suit, giving drivers some hope of relief at the pump.

But the price dip proved fleeting.

Maryland regulators quickly stepped in and told the stations that their prices were too low. They needed to go up by 5 cents.

In as much time as it takes to fill the tank of an SUV, prices at BJ’s Wholesale Club, Sheetz and two Wawa outlets bounced to $2.049 a gallon.

Washington Post via MSNBC