WASHINGTON – A reported in Friday's "Memo from Washington," NACS took to the airwaves on Friday, communicating the industry's concerns over proposed gouging legislation.

On CNBC's "Squawk Box," NACS Vice President of Government Relations John Eichberger expressed retailer interests about legislation authored by Rep. Bart Stupak (D-MI). In the segment, Eichberger stressed industry concerns that the legislation needs to be "crafted in a way to allow honest retailers to make business decisions based on market conditions," and that retailers have protections that address business conditions. CNBC has the segment online.

Meanwhile, NACS vice President of Communications Jeff Lenard discussed retail profits on CNN. He noted, "In the course of a normal year, break-even on a gallon of gas at the retail level is about 12 cents a gallon. That pays for all your expenses, credit card fees -- which eat up more than half of that. Right now we're looking at single-digit gross margins. So it's not uncommon to find retailers out there that are actually losing money on each gallon."

"Obviously, customers are frustrated," said Lenard. "I think if there's any real frustration with retailers now, it's some of these bills that are going through Congress looking at gouging legislation. It doesn't really define what gouging is, but it's possible that a retailer could be fined $150 million, which is kind of a hit when you have one store, and 10 years in jail."

As of late Friday, CNN did not have a video stream but did have the complete transcript.