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History
- Referred to consumer protection
- Referred to consumer protection
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2234
Title of bill
An act to amend the general business law, in relation to prohibiting more than one increase in the price of gasoline in any twenty-four hour period
Purpose or general idea of bill
The purpose of this bill is to prohibit gasoline prices from being adjusted at the pump multiple times daily on the same lot of gasoline, which was purchased wholesale at a fixed price.
Summary of specific provisions
With this legislation it will be unlawful for anyone engaged in the sale of motor fuel, or anyone who produces and stores or exchanges motor fuel at a terminal or facility and who sells or transfers motor fuel through the loading rack at such terminal facility, or an affiliate of such, to increase the price of any grade or quality of motor fuel sold at a retail outlet more than once in a twenty-four hour period. Any violation shall result in a civil fine of not more than five hundred dollars to be collected by the corporation counsel for any city or by the appropriate attorney of any political subdivision as shall be designated by the governing body of such political subdivision.
Justification
As gasoline prices fluctuate, price gouging has become a concern, particularly in metropolitan areas where gas sales competition is fierce. Gas merchants are known to continually raise gas prices over the course of a 24 hour period, often dramatically increasing consumer costs without an increase in the actual price of gasoline. Given New York's sharply increasing cost of living and rising costs of transportation, it is important to prevent working class families from being gouged at the pump by unscrupulous gas distributors. This bill will ensure consistency and fairness for motor vehicle drivers throughout New York State.
Prior legislative history
2013-2014 - S.61 2011-21: S.603 2010: S.7308/A.2323 (Third Reading Calendar)
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.