Bill
Bill > S3812
summary
Introduced
05/11/2023
05/11/2023
In Committee
05/11/2023
05/11/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires certain wholesale pricing of motor fuels be set using formula.
AI Summary
This bill requires certain wholesale pricing of motor fuels to be set using a formula that is negotiated and agreed to between contract parties. The formula-based price cannot be more than 5 cents per gallon above the listed price for the product at the distribution terminal at the time of purchase. This requirement does not apply if the retail dealer owns the property or leases it directly from a third party, to consignment sales, or to existing contracts. Distributors, refiners, wholesalers, or suppliers found in violation of this provision will be subject to a $5,000 fine per delivery of motor fuel priced in violation.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 05/11/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3812 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3812_I1.HTM |
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