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Bill proposed in South Carolina would cap gas prices

Posted On Thu, April 28, 2011

If a bill passes the South Carolina Legislature, what the price is for gas on June 1 will not go any higher than that.

According to the Associated Press, a lawmaker from North Myrtle Beach has introduced a bill that would cap gas prices just prior to the summer driving season.

The state senator, Dick Elliott, told the AP he is sponsoring the bill because the cost of gasoline is adversely affecting South Carolina's economy and its rate of recovery in the wake of the global recession.

Should gasoline prices continue to rise - as industry analysts are expecting - the excess charges will go into a trust fund, and the Legislature will use the money to benefit the state's motorists.

According to Gas Buddy, the average price for a gallon of unleaded fuel in South Carolina is $3.64.

Observers say the chances of Elliott's bill passing are slim, but should it pass, motorists may travel more than they had initially planned on. If people know they are increasing their mileage, they should get in touch with their auto insurance agent to make them aware. 

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