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My Premier elctric stove, the oven tempurature is inconsistant?

I've tried using the adjusting screw in the knob but it does not change the temperature. When I turn the temperature to say 300 it goes to 500 or more given time. No matter what temp I chose eventually (not too much time, 15-20 min or so) it goes to full heat or 500+ degrees.
Dan, November 2010
link Click here to see other fixes for Premier.