Indiana Gas Prices and Sales Contracts

State:
Multi-State
Control #:
US-OG-799
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

"Price gouging" defined. (2) the increase in the amount charged is not attributable to cost factors to the retailer, including replacement costs, taxes, and transportation costs incurred by the retailer.

California Selling commodities, household essentials, fuel, etc. after a declared state of emergency for more than 10% over the cost of these items immediately preceding the declaration. Misdemeanor, punishable by up to 1 yr.

The office is ready to act promptly if an anomaly, which is not supported by composite prices, is identified. The public can report instances of excessive pricing to the Indiana Attorney General's Office at 1.800. 382.5516, or file a gasoline complaint here.

Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.

Indiana average gas prices RegularPremiumCurrent Avg.$3.366$4.323Yesterday Avg.$3.372$4.330Week Ago Avg.$3.253$4.207Month Ago Avg.$3.362$4.3291 more row

Generally, the markup (or ?margin?) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.

Anyone who has been the victim of price gouging, or who has information regarding potential price gouging, is encouraged to immediately file a complaint with the Attorney General's Office by going to the Attorney General's website or by calling (800) 952-5225.

Reports of price gouging soon appeared in the media. For example, a 2 L bottle of Purell sold for as much as $250. Amazon has already removed well over half a million of offers from our stores due to coronavirus?based price gouging.

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Indiana Gas Prices and Sales Contracts