CLEARWATER, Fla. - Bruce Mitchell, president of Rally Stores Inc., is hoping that Gov. Rick Scott will reform Florida??s regulations, especially because one change would result in a $500,000 annual savings for his company, the Gulf Coast Business Review reports.

If Florida rescinds an unnecessary Department of Environmental Protection regulation, the state??s 7,000 gasoline stations could save between $210 million and $280 million collectively, or around $30,000 to $40,000 per station, Mitchell said.

The redundant rule involves yearly testing of gasoline tanker trucks for leaks ?" something the federal government already does. Florida is reviewing more than 11,000 rules that are set to expire, and the leak-testing regulation is one of around 1,500 the state is likely to revoke.

"Presently, each time a tank truck connects to the loading rack it is monitored for leaks, and if a leak is found the loading system will shut down, so this is redundant to have an annual test," said Mitchell, who also chairs the Florida Petroleum Marketers and Convenience Store Association. Repealing this rule will save the industry money and time.

Rescinding the law would also nix the obligation for retailers to put in vapor recovery systems at the pump. Mitchell said since tanker trucks also recover vapors when dispensing fuel into underground receptacles, there??s no need for such recovery systems at the pump.