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Bill would cap gas prices in SC...

By: Decomposed in ROUND | Recommend this post (1)
Thu, 28 Apr 11 3:35 AM | 56 view(s)
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Bill would cap gas prices in South Carolina

Posted: Apr 27, 2011 1:47 PM EDT

COLUMBIA, S.C. (AP) -- A North Myrtle Beach legislator has introduced a bill that would cap gas prices in South Carolina at whatever the average wholesale price is on June 1.

Democratic state Sen. Dick Elliott of North Myrtle Beach said the bill he introduced Wednesday is needed because gas prices are slowing the state's economic recovery.

Elliott's bill would put any excess charges by retailers above the wholesale gas price into a trust fund. The Legislature would decide how to use the money to benefit citizens.

The proposal is a longshot. Monday is the deadline for bills to get to the House to be considered this year.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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