Wednesday, June 13, 2012

Gasoline Zone Pricing Law Fails Consumers

     In 2008 New York State enacted a "zone pricing" law in an attempt to regulate gasoline prices. At that time, the New York State Petroleum Council published a memo to oppose the law.
     "Gasoline suppliers use zone pricing for the same reason these other industries do--to remain competitive in setting wholesale gasoline prices in different areas of the state or within a metropolitan area," the Petroleum Council stated.
     The oil industry claims that zone pricing is a fair business strategy which weighs distance between gas stations and real estate costs of gas stations.
     Consumers need factual information to judge for themselves.
     To read more on the subject, click:  http://www.lohud.com/article/20120613/NEWS02/306130054/New-York-s-gasoline-zone-pricing-law-fails-station-operators-customers-wholesalers-mercy?odyssey=tab|topnews|text|Frontpage
     New York State Attorney General's report (pdf) on gasoline prices: http://www.ag.ny.gov/sites/default/files/pdfs/bureaus/consumer_fraud/REPORT-ON-NEW-YORK-GASOLINE-PRICES.pdf

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