RIP-OFF ALERT: With much of the nation beginning to warm up, Clark wants to put out a warning about motorists being cheated at the gas pump.
At temperatures above 60 degrees, gas expands in underground tanks and contains less energy than it would at lower temperatures. Some sources estimate consumers lose about $2 billion annually because no one is making a price adjustment at the pump based on temperature.
Now one major retailer is reversing that. According to
The Los Angeles Times, Costco will install devices to auto-adjust in hot states such as California, Arizona, Nevada, Georgia, Florida and others.
Only the state of Hawaii currently requires true measurement of fuel at the pump based on temperature.
Apparently, some states even have their regulators in so tight with the oil companies that they outright ban pumps that adjust the price based on temperature!
Congrats to Costco for breaking with the industry ranks on this one.