Fwd: Road Warrior: Settlement Deadline Extended, Local Gas Supply Sold Off, Lottery Update

May 23, 2024

Northeast Gasoline Supply Reserve Being Sold Off Soon

Two months ago we warned membership, Congress, and the press about a small provision in the last big federal government spending deal which orders the elimination of the Northeast Gasoline Supply Reserve (NGSR), a reserve of 1 million barrels of refined gasoline (700,000 in NJ) set up by the Obama Administration a decade ago after the fuel shortages caused by Superstorm Sandy. Since it was inserted in the language of the thousand-page bill that was not made public until about 48 hours before the government shut down, there was no ability or willingness to strip it out. You can read our original letter HERE. 

This week the US Department of Energy announced they would try and sell off all 42 million gallons of gas in the near future, so that they are able to flood the local market in time for the July 4th weekend. They seemed to frame it as just a generous idea to lower local gas prices, rather than as something they have been forced into by a short-sighted Congressional mandate. That same mandate also requires this reserve be shut down after the fuel is sold off. 

Still, if they are going to have to sell off this supply, this is as good a time as any to do it, prices have been trending down since a spike in April tied to the switch to summer blend, hopefully this release (though small in the grand scheme of things) will put some more downward pressure on wholesale prices. 

If you're interested in buying directly from the Reserve, they are only selling in increments of 4.2 million gallons… 

You can read the DOE statement HERE and read more news coverage HERE and HERE. 

Credit Card Settlement Deadline Extended–But Don't Wait!

While the original deadline to apply for this settlement money was next week (May 31st), the courts last week granted an extension to August 30th. 

Based on the number of members reaching out about this, many people were waiting until the last minute. Even though you now have more time, we emphasize that you don't wait to fill out the application because to get what you are entitled to may take more time than expected, as you may need to look up various numbers and records from over the years. 

You should have responded to a claim offer mailed to you, but if you didn't get one back in January you can apply through the website HERE. Make sure you use that official website, there are allegedly some scams going around designed to mimic the official website as a way to steal your claim. You can read more details in this informative article HERE. 

If you have any questions, feel free to reach out to Nick via Nick@njgca.org or 732-256-9646.

Update on Anti Self-Serve Lottery Ticket Design

Two weeks ago, we wrote about a new lottery ticket design that had been brought to our attention which advocates against self-serve gas. You can see the ticket and read more about it HERE. You can also read the formal protest letter which NJGCA sent to the Lottery Commission HERE. 

This week we heard back from the Lottery Commission with some good news and some bad news. The bad news is that since they have already printed out and packed all the tickets, they are not able to eat the cost of throwing them all out and reprinting the entire game. 

The good news is that they did apologize for the design, acknowledged it was a mistake on their part that should have been caught and prevented, and that they will not let it happen again nor print the design in the future.

They also confirmed explicitly that retailers are free to return the packs of this game at no cost and at no penalty. The specific No Self Service ticket design is mixed in with the other designs for the new “It's a Jersey Thing” game, making up one-sixth of every game pack. They also confirmed that as a new game and a more expensive ticket, this is a limited run to begin with.

We encourage members to send back all packs of this game so as to not promote this message. The game comes out in the next month. Reach out to Eric@njgca.org 732-256-9646 with any questions or concerns. 

Memorial Day

With Memorial Day this Monday, we offer a Thank You to all who have served. Make sure to take a moment on Monday to remember those who made the ultimate sacrifice so we can enjoy a peaceful and prosperous free life with family and friends.

Rack Averages

News Worth Knowing:

Member Benefit Partner (MBP) Spotlight: CardConnect

CardConnect is the endorsed full service credit card processor for active NJGCA members. NJGCA Members receive special pricing with guaranteed fixed rates, at only .20% and $.04 per transaction! Or, take advantage of the new CardConnect Cash Discounting Program (Small Surcharge Added to Sales Invoice) – Pay No Rates or Fees Ever Again!

As a national leader in payment processing, CardConnect tailored a program specifically for NJGCA Members. Process all credit cards, including Fleet cards, Guarantee Checks through Telecheck, one statement, next day funding,direct from the processing source.Special pricing on wireless terminals for your towing needs, and Point of Sale Systems with Barcode Inventory Tracking.

CardConnect Provides NJGCA Members:
•Cash Discounting Program
•Free Terminals
•EMV Chip and PIN Compliance Technology with Apple Pay
•Easy Pay at the Pump Integration.
•Next Day Funding, All Bank and Fleet Cards.
•Point of Sale Systems with Barcode and Inventory Control.
•Easy to Read Statements.
•No Hidden Fees
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In a contract or have Pay at the Pump conversion fees?? CardConnect will pay up to $250 to switch!
* If you are paying too much for service, or, are interested in a no obligation rate review, please reach out for a complimentary consultation.*
 

Contact: Louis Puglisi, 609-957-1784, LPuglisi@cardconnectpartners.com

Available Real Estate

Cape Harbor Shell

**Price Reduction**

795 Route 109, Unit B, Lower Township, NJ, 08204

Contact: Jerry 609-425-8837 capeharborshell@comcast.net 

Click HERE to view listing

Station for Sale

Thriving High Profit Gas/Service Station close to Major Highway in Prime Location. 

This Exclusive Gas Station is the Sole Provider in the entire town, achieving a remarkable fuel profit of up to and sometimes over 1$ a gallon. Consistently selling 45,000 gallons monthly. Most fuel customers come from Highway so fuel prices do not have to be competitive. 

Also included with the Property is a Reputable High End Auto Repair Facility. Repair shop has all required Specialty and Diagnostic Tools for servicing mostly High End Vehicles. Advertising is no longer used do to an enormous Demand and large Customer Base. Repair Business has has potential for increased profitability and expansion, the business is open to experienced buyers for a possible partnership or profit sharing arrangement. Location is 1 out of 100. Fuel sales make 20-40K a month and repairs can do the same with the right operator. 

This one of a kind opportunity can include seller financing for those with High-Level Automotive or Gas Station Experience.

Contact Greg
908-291-7845

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