HARTFORD- Greenwich State Rep. Fred Camillo of Cos Cob applauded Governor Jodi Rell for signing legislation to safeguard state residents against price gauging at the gasoline pump.
The legislation permits the state attorney general to investigate undue concentrations of power that would restrain trade, hurt local businesses and drive up costs to consumers. It gauges the potential for anti-competitive behavior in the fuel industry using a formula applied by federal antitrust investigators, and is supported by the motor fuel distributors and retail gas stations in Connecticut as a way of ensuring a level playing field within the state.
Rep. Fred Camillo, who co-sponsored the legislation this past session said, “This bill is a consumer-friendly bill to ensure the gas prices we pay in Greenwich and around the state are fair and competitive.”
Camillo added, “This is the least we can do for our local consumers, Greenwich already pays some of the highest prices for a gallon of gasoline in Connecticut.”
The bill also includes provisions enabling the state attorney general to identify gas station owners who are price-gouging in the wake of hurricanes or other disasters to increase profit margins.