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Gas Protest Spikes Prices
The price at the pump just topped eight dollars a gallon at some gas stations in the northeast. Why?
FOX News Radio’s Jeff Monosso explains in this report:
Dozens of LUKOIL gas stations in New Jersey and Pennsylvania are jacking up prices to more than $8 bucks a gallon in protest.
Taha: “I pay 20 cents or 15 cents more than other dealers, same company pay in other locations.”
It’s called zone pricing. But Abdul Taha who owns a LUKOIL station in Englewood, New Jersey calls it unfair pricing practices.
Taha: “We want to pay the same price for LUKOIL dealers everywhere.”
And the same price LUKOIL competitors are paying. Taha says he’s getting a lot of customer support even though folks aren’t really buying the $8 dollar per gallon gas. Essentially stations protesting are out of business for the day.
Jeff Monosso, FOX News Radio.
READ a statement from LUKOIL North America on the protest:
“We have worked very hard in establishing LUKOIL as a premium brand in the U.S., and value our network of independent dealers. We deeply regret that the NJGCA, a trade lobbyist, has apparently encouraged public misstatements and ill-conceived actions which harm consumers, rather than engage in constructive dialogue. The NJGCA’s efforts appear aimed at zone pricing, a commercially reasonable practice used by gasoline marketers for many years, which is fully compliant with New Jersey statutes governing the sale of motor fuel.”