LEGISLATION REQUIRING CASH AND CREDIT GAS PRICES TO BE POSTED ADVANCES

A bill which would require retail motor fuel merchants to post the price per gallon of cash and credit transactions to give customers more information was unanimously approved by the Senate Transportation Committee yesterday.

The bill, S-847, sponsored by Senator Turner, would require a motor fuel dealer to display signs on premises, showing both the price per gallon for cash transactions and the price per gallon for payments made with a credit card. The bill takes effect four months after enactment, to give retailers an opportunity to comply with the signage requirement. Senator Turner noted that the bill is necessary due to the increase in the number of retailers who charge different prices for different methods of payment.

Under the bill and existing regulations, gas stations which violate the provisions of the bill would be subject to a fine of $1,500 for the first offense and not more than $3,000 for the second and any subsequent offense.

The bill now heads to the full Senate for consideration.

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