The law signed today comes as state prepares for potential impact of Hurricane Joaquin
(TRENTON) – Legislation sponsored by Assemblyman Tim Eustace to ensure there is sufficient and affordable motor fuel available in times of emergency has been signed into law.
The law (A-1733) comes as the state has declared a state of emergency in preparation for severe weather this weekend and Hurricane Joaquin, which has intensified to a Category 4 storm.
“With the bad weather headed our way, this could not be more timely,” said Eustace (D-Bergen/Passaic). “Prior to this, motor fuel retailers were not allowed to sell below cost. This will allow smaller retailers to compete with larger retailers, and helps ensure that motorists are able to find affordable motor fuel when faced with the threat of a major storm like Hurricane Joaquin.”
The law, which was signed today, allows a motor fuel dealer to sell any remaining supply of higher grade motor fuel at the same price the dealer charges for the lowest grade motor fuel, when the lowest grade motor fuel supply is exhausted during a state of energy emergency.