Article: NYMEX sues New Jersey. (New York Mercantile Exchange)

Some New Yorkers might find a lawsuit against New Jersey justifiable on any basis, but the New York Mercantile Exchange (NYMEX) suit against the state, which aims to keep New Jersey from unilaterally dropping out of the Clean Air Act requirements that NYMEX bases its New York Harbor unleaded gasoline contracts on, has caused a ruckus.

The controversy centers on New Jersey's April decision to immediately terminate its 2.7% oxygenate gasoline sales requirement for winter months, when the U.S. Environmental Protection Agency (EPA) requires certain regions - such as the metropolitan area including counties in New York, New Jersey and Connecticut - to sell higher ...

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