(TRENTON) – Legislation Assembly Democrats Vincent Prieto, Ruben J. Ramos Jr., Jack Conners and Paul Moriarty sponsored to require gas stations to clearly display whether they charge different credit and cash prices has been signed into law.
The law (A-3862) requires all price signs posted by a retail motor fuel dealer to include the price per gallon for both cash and credit card purchases of all types and grades of motor fuel.
“This has one simple goal in mind – consumer fairness,” said Prieto (D-Hudson/Bergen). “If retailers are going to charge two separate prices, they should have qualms about advertising two separate prices.”
“Consumers deserve to be made fully aware of whether they could be charged separate prices, depending on how they pay,” said Ramos (D-Hudson). “It’s that simple, especially amid continued concern about increasing gas prices.”
“Consumer awareness is vitally important,” said Moriarty (D-Gloucester/Camden). “If we’re going to allow retailers to charge two different prices, then they should make it clear when they decide to do so.”
Under the law, a retail dealer who violates the signage requirements shall be subject to a penalty of not more than $1,500 for a first offense and not more than $3,000 for a second and any subsequent offense..
