Gas Surges to $9 a Gallon in NJ

Posted by on Sep 12, 2012 at 11:20 am

No, this isn’t a scene from the movie  Obama 2016, although at the rate things are going $9 a gallon gas will be here sooner than that. Apparently this is some Lukoil oil station owners lodging a protest.

If you had sticker shock at $4 a gallon for gas, get ready for $9 gas.

Several LukOil franchise owners raised their prices to more than $8 a gallon on Wednesday to protest what they say is the company’s unjustified pricing policies.

They complain that they have to pay up to $.20 a gallon more than other station owners and can’t be competitive.

A station in South Plainfield, N.J. had signs listing regular gas for $8.99 a gallon and premium listed at $9.49 a gallon for cash and $9.59 for credit.

A Shell station across the street had regular gas priced at $3.99 a gallon.

More than 50 franchise owners in N.Y., N.J. and Penn. are part of the price-raising protest.

The clerk at the South Plainfield station told one driver, “I advise you to look at the price on the pump first, and if you like it, I’ll fill your car up. If you don’t, you can drive off.”  He decided to find another station.

New York News | New York City Breaking News


4 Responses to “Gas Surges to $9 a Gallon in NJ”

  1. MT Geoff on 12/12/12 at 12:29 pm

    This is an issue between the parent company and the franchisees. I have no idea of the merits. If the franchisees are being squeezed into paying more than their competitors, then they do need to convince the parent to dial back the price. Cutting off revenue for a day or so may give them leverage.
    But this has nothing to do with the major forces driving energy costs.

  2. Chipperoo on 12/12/12 at 1:05 pm

    These Lukoil stations are franchisees of a company which is owned and controlled by persons closely affiliated with the Putin government. The company regularly uses its Russian mafia contacts to add leverage to its bargaining position. These franchisees should be very careful.

  3. Mashiki on 12/12/12 at 2:53 pm

    Exactly what MT said. But here in Ontario and Quebec, gas prices jumped by around 50c/Gal(10-18c/L) yesterday/today for no reason at all.

  4. MT Geoff on 12/12/12 at 3:09 pm

    Howdy Mashiki
    I’m pretty sure that the price of corn, raised by the drought, is increasing the price of US gas because of the (insert bad language here) ethanol requirement. It may be affecting you the same way. The ethanol requirement raises prices in many sectors of the economy while achieving no ecological benefit.