Maryland Senate Bill SB322

Maryland 2022 Regular Session

• Introduced: 1/20/22
• Refer: 1/20/22

Caption

Gas Price Gouging Act

Impact

If enacted, SB322 could significantly alter how retail service stations operate, particularly concerning their advertising and pricing strategies. Previously, certain exemptions existed that allowed for variability in signage and price presentation. The repeal of these exemptions means that all service stations must adhere strictly to the new signage requirements, potentially leveling the playing field among retailers and providing consumers a clearer picture of fuel prices across different brands and outlets.

Summary

Senate Bill 322, also known as the Gas Price Gouging Act, serves to amend existing laws regarding the pricing display requirements at retail service stations in Maryland. The primary objective of the bill is to enhance transparency in fuel pricing by mandating that retail service stations display the highest price, along with cash and credit prices, for motor fuels in a conspicuous manner. This legislative move aims to inform consumers more effectively about the prices they are paying and reduce instances of price gouging during periods of high demand or crisis.

Contention

The bill has sparked debate primarily over concerns related to the enforcement of the new signage regulations and the potential financial burden it may place on smaller service station dealers. Critics argue that the requirements may disproportionately affect independent dealers who might struggle with the costs of compliance. Proponents counter that the benefits of increased transparency and protection against price gouging during emergencies outweigh these concerns, advocating that the long-term consumer trust and market stability fostered by clearer pricing standards justify the changes.