MEASURE PASSED FORCING GAS STATION TO POST CASH AND CREDIT PRICE

120px-Seal_of_New_Jersey_svgA bill which would require retail motor fuel merchants to post the price per gallon of cash and credit transactions to give customers full information was approved by the full Senate.

The bill, S-847, would require a motor fuel dealer to display signs on premises and adjacent roadways, 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 $1,000 for the first offense and not more than $3,000 for the second and any subsequent offense.

The bill now heads to the Assembly for further consideration.

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