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F I S C A L I M P A C T R E P O R T

SPONSOR Lujan, B

ORIGINAL DATE

LAST UPDATED

2/21/2007

HJM 42

SHORT TITLE Investigate Gasoline & Diesel Fuel Disparity

SB

ANALYST Moser

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

House Joint Memorial 42 requests that the Attorney General conduct an investigation into the

disparity between the absolute prices in gasoline and diesel fuel and report the findings of the

investigation to the New Mexico Legislature,

SIGNIFICANT ISSUES

The Joint Memorial cites concern over the growing and continued disparity between the price of

gasoline and diesel fuels. Gasoline prices appear to be falling at a faster rate than diesel fuel. The

Joint Memorial indicates a two percent decrease in the price of diesel fuel in the past year as

compared to an average 12 percent decrease in the price of gasoline.

GM/csd