New Jersey S176 mandates wholesale pricing of motor fuels be set using a negotiated formula.
New Jersey S176 requires wholesale pricing of motor fuels to be set using a formula negotiated and agreed upon by contract parties. The price cannot exceed five cents per gallon above the listed price at the distribution terminal. This rule does not apply to retail dealers owning the property or leased directly by non-distributor third parties, consignment sales, or contracts existing before the bill's effective date. Violators face a $5,000 fine per delivery.
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