Nymex lobbies state over gasoline laws

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,...