The average posted terminal price refers to the average price at which motor vehicle fuel is sold at a terminal, as reported by a petroleum pricing service. This price includes the average rack price, along with any applicable taxes, transportation costs, and additional charges that are not part of the rack price. It represents a key metric for understanding fuel pricing in the market.
This term is commonly used in the context of fuel pricing regulations and tax assessments. It is relevant in areas such as commercial law, environmental law, and taxation. Legal professionals may encounter this term when dealing with cases related to fuel sales, compliance with tax regulations, or disputes over pricing. Users can manage related forms or procedures effectively with tools like US Legal Forms, which offer templates drafted by experienced attorneys.
Here are a couple of examples of abatement:
For instance, if a petroleum price reporting service states that the average rack price of gasoline at a terminal is $3.00 per gallon, and there are additional transportation costs of $0.10 per gallon and sales tax of $0.20 per gallon, the average posted terminal price would be $3.30 per gallon.
(hypothetical example) A fuel wholesaler might use this average posted terminal price to determine their pricing strategy for retail sales.
Examples of state differences (not exhaustive):
| State | Average Posted Terminal Price Regulation |
|---|---|
| California | Regulated by the California Energy Commission. |
| Texas | No specific regulation; market-driven pricing. |
| New York | Subject to state fuel tax regulations. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Difference |
|---|---|---|
| Rack Price | The price at which fuel is sold at the terminal before taxes and additional costs. | Does not include taxes or additional charges. |
| Wholesale Price | The price at which fuel is sold to retailers. | May differ from the average posted terminal price due to market factors. |
If you are involved in the sale or distribution of motor vehicle fuel, it is important to understand how the average posted terminal price affects your pricing strategy and tax obligations. You may want to consult with a legal professional for specific guidance. Additionally, consider using US Legal Forms to access templates that can help you manage related documentation effectively.
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It is the average price at which motor vehicle fuel is sold at a terminal, including taxes and additional costs.