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09/05/2012 09:13 AM

City Council Wants Hearing On Gas Station Price Points

By: NY1 News

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Following a summer of price hikes, members of the City Council want to make sure service stations are not raising their gas prices too quickly.

The council's Consumer Affairs Committee is planning a hearing to look into how stations are complying with a law barring them from raising prices more than once every 24 hours.

The committee will also consider a proposal to require signs indicating whether a station charges different prices for cash or credit.

According to AAA, the average price of a gallon of regular gas in the city is $4.10.