Missouri House bill would require gas price increase postings
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Missouri House bill would require gas price increase postings

Date: December 12, 2011
By: Andrew Weil
State Capitol Bureau
Links: HB 1044

Intro: 
A Southwest Missouri Representative wants consumers to know when gas prices are going up...24 hours before it happens.
RunTime:  0:44
OutCue:  SOC

Wrap: Republican Representative Ray Weter is sponsoring the bill which would require gas stations to give the public 24 hours notice before they could raise gas prices by 3 cents or more per gallon.

He says he doesn't care if gas stations raise their prices, as long as consumers get a 24 hour notice.

But, Ron Leon, Executive Director of the Missouri Petroleum Marketers and Convenience Store Association, says that's not possible.

Actuality:  LEONE2.WAV
Run Time:  00:10
Description: "You literally can not predict with any certainty what the price of fuel will be in the future and so it would be impossible to comply with."

Representative Weter says he is not surprised by that response and that they could argue that in committee.

Reporting from the State Capitol, I'm Andrew Weil.

Intro: 
A Southwest Missouri Representative wants gas price changes posted a full day in advance.
RunTime:  0:40
OutCue:  SOC

Wrap: Republican Representative Ray Weter is sponsoring the bill which would require gas stations to give the public 24 hours notice before they could increase gas prices by 3 cents or more.  

Ron Leone is the executive director of the Missouri Petroleum Marketers and Convenience Store Association.

He says the plan is unreasonable and impossible to comply with.

Actuality:  LEONE.WAV
Run Time:  00:10
Description: "The main problem with the bill is that when it comes to the price of motor fuel it literally is a comodity which means that the price fluctuates multiple times a day."

Representative Weter says he is not surprised by that response and that they could argue that in committee.      

Reporting from the State Capitol, I'm Andrew Weil.

Intro: 
A Southwest Missouri Representative wants price increases at the pump posted a full day in advance.
RunTime:  0:47
OutCue:  SOC

Wrap: The bill would require gas stations to give the public 24 hours notice before raising gas prices by 3 cents or more per gallon.

Ron Leone is the executive director of the Missouri Petroleum Marketers and Convenience Store Association.

He says the plan is impossible to comply with because the price of fuel is constantly changing on global markets.

Actuality:  LEONE4.WAV
Run Time:  00:12
Description: "Oftentimes we are the ones that catch the heat from the consumer because we are where the rubber meets the road but we have the least impact or the least ability to impact the pump price consumers are paying."

Southwest Missouri Representative Ray Weter is the sponsor of the bill.

He says this would be an opportunity for Missourians to manage their financial life, instead of letting big oil do it for them.

Reporting from the State Capitol, I'm Andrew Weil.


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