IPCA Representatives Meet With Congressmen

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(WASHINGTON, D.C.) - Representatives of the Indiana Petroleum Marketers and Convenience Store Association (IPCA) met with members of the Indiana congressional delegation in Washington D.C. Thursday to discuss the spiraling gasoline prices.

The organization represents convenience store operators across the state.

They presented a five-point plan to the lawmakers. It calls for greater oversight on commodities traders, a halt on filling petroleum reserves, expanding domestic oil production into Alaska and other areas and building more North American refineries. The group also wants legislation to cap credit card fees that banks make on transactions.

Executive Director Scott Imus says more consumers are buying gas with credit cards and because of the rising price, along with the astronomical credit card transaction fees, fewer people are going inside the store to purchase products.

Imus, says last year, the average retailer in Indiana made 7 1/2 cents a gallon on gasoline sales and this year, the margin is down to about five cents per gallon.

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