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.
New Jersey Gas Prices and Sales Contracts
Category:
State:
Multi-State
Control #:
US-OG-799
Format:
Word;
Rich Text
Instant download
Description
How to fill out Gas Prices And Sales Contracts?
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FAQ
Gas station proprietors, like other business owners, are free to charge whatever they want, as long as they don't engage in illegal practices, such as price fixing or gouging.
New Jersey's Office of Weights and Measures inspectors protect honesty in the marketplace by using highly accurate equipment to inspect all types of scales, meters and scanning equipment. All gas station pumps must be registered with the State.
New Jersey currently has laws which prohibit the sale of gasoline below cost. These laws are absolutely essential to maintaining a functioning marketplace in the state.
It is almost entirely due to New Jersey having the 3rd lowest state gasoline tax in the nation. NJ's gas tax is $0.26/gal less than New York's. Proximity to refining capacity (ie reduced shipping costs) may contribute as well but I don't have any hard numbers for that.
New Jersey Average Gas Price RegularPremiumCurrent Avg.$3.64$4.48Yesterday's Avg.$3.64$4.48Week Ago Avg.$3.66$4.5Month Ago Avg.$3.86$4.57
Officials said the increase is needed because gas consumption fell below state projections. Last year, the tax fell. Adjustments are needed yearly to support bridge and road repairs, officials said.
Drivers suffering from price whiplash might be asking "Who controls gas prices?" The short answer is... No single person, company or government can really be said to set gas prices. But it is possible to break down some of the major factors that go into determining what a gallon of gas sells for. Let's take a look.
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.
