New York Mercantile Exchange is lobbying local state
legislators to reconsider legal measures that could impact
volume in its gasoline futures contract.
Both New York and Connecticut have proposed environmental
laws mandating a change in the content of the gasoline sold in
those states. New Jersey has no such law planned, and that
disparity, according to Nymex, could cause a split in pricing
across the New York harbour region, on which the futures
contract is based.
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