Requires certain wholesale pricing of motor fuels be set using formula.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to regulate how wholesale prices for motor fuels are determined in New Jersey. It requires distributors, refiners, wholesalers, and suppliers to use a negotiated formula to set tank wagon prices, limiting the price increase to a maximum of five cents per gallon above the listed price at the distribution terminal. Certain exemptions apply, such as when the retail dealer owns the property or when dealing with consignment sales.
Bill text
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Document of record
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3 on record
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