Bill > A5523

Introduced Session

This bill prohibits a distributor, refiner, wholesaler, or supplier from charging a tank wagon price to a retail dealer unless that price is set using a negotiated and agreed-upon formula. The negotiated price shall not be more than five cents per gallon above the listed price for that product at the distribution terminal at the time it was purchased. "Tank wagon price" is defined under the "Unfair Motor Fuels Practices Act" as the invoice cost of motor fuel to the retailer. The provisions of this bill do not apply if the retail dealer owns the property the station is located on or if the property is leased directly to the retail dealer by a third party who is not a distributor, refiner, wholesaler, or supplier. Additionally, this bill does not apply to consignment sales of motor fuels or contracts existing before its effective date. Contracts negotiated and entered into after the effective date must comply with the requirements of the bill. An entity that prohibits a provision of the bill is subject to a fine of $5,000 per delivery of motor fuel priced in violation of the bill.

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Reginald Atkins (D)*,  Angela Mcknight (D)*,  Britnee Timberlake (D)*, 

Introduced, Referred to Assembly Consumer Affairs Committee (on 06/05/2023)

Official Document