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Legislature to address high cost of gas

Florida lawmakers are considering a bill that would change how gas prices are posted. Regan McCarthy reports right now many gas stations charge a price that’s higher than the posted cost for those buying gas with a credit or debit card.

A bill making its way through the legislature would require gas stations to post the highest price they charge for each kind of gas on all signs, including those seen from the road. The highest price is typically the cost charged to customers for purchasing gas with a card. Representative Jeff Clemens, a Democrat from Lakeworth says about 80-percent of consumers pay for gas with plastic….

“Instead of now being the lower cash prices that only 20-percent of their customers take advantage of, it would be the lower cash price that most of their customers pay.”

Those who oppose the change are raising concerns about the cost to change signs and the confusion the switch might cause for consumers. The bill passed out of the House energy and Utilities committee. A similar bill is moving through the Senate.