7/13/05-Gov. Kathleen Blanco has signed a bill into law abolishing a mandatory 6 percent markup on motor fuels in Louisiana. The new rule took effect June 29.
The new law also prevents retailers from selling gasoline and diesel at prices below what they paid for it. The rule, however, provides that discounts offered through credit, debit or shopping cards, as well as for promotional purposes, grand openings, anniversaries or promotional sales, shall not be considered in determining whether sale is below cost.
The new rule, previously HB763, is not expected to have much effect on prices at the pump.

6/16/05-The Senate voted 33-5 June 14 to advance a bill that would abolish a mandatory 6 percent markup on motor fuels in the state.
Sponsored by Rep. Taylor Townsend, D-Natchitoches, HB763 also would prevent retailers from selling gasoline and diesel at prices below what they paid for it. The bill, however, provides that discounts offered through credit, debit or shopping cards, as well as for promotional purposes, grand openings, anniversaries or promotional sales, shall not be considered in determining whether sale is below cost.
The House-approved bill has been forwarded to Gov. Kathleen Blanco’s desk for her signature.
For bill status, call (504) 342-2456. In Louisiana, call 1-800-256-3793.

6/6/05-The Senate Commerce Committee unanimously approved a bill May 31 that would abolish a mandatory 6 percent markup on motor fuels in the state.
HB763, sponsored by Rep. Taylor Townsend, D-Natchitoches, also would prevent retailers from selling fuel at prices below what they paid for it. The bill, however, provides that discounts offered through credit, debit or shopping cards shall not be considered in determining whether sale is below cost.
The House-approved bill has been sent to the full Senate for further consideration.
For bill status, call (504) 342-2456. In Louisiana, call 1-800-256-3793.