18.3.15.8 NMAC

Fuel Surcharge Line Item Calculation

Last amended: 2024Year: 2024Length: 272 wordsOfficial source
A towing service may add to a non- consensual tow invoice a separate fuel surcharge line item that must comply with the following table and formula. A. formula: the fuel surcharge amount is calculated by multiplying the total allowable mileage charge by the ‘multiplier’ in the table, below, that corresponds to the applicable ‘EIA gas/diesel price range for the Rocky Mountain region’. Example: if the total allowable mileage charge for the non-consensual tow is $100, and that week’s EIA fuel price (as identified on the EIA website) is $4.00, then that fuel price falls within the $3.76 - $4.00 price range, which corresponds on the table, below, to a multiplier of .0675; so the fuel surcharge is calculated as $100 (the mileage charge) multiplied by .0675 (or 6.75%), which equals a fuel surcharge amount of $6.75. B. table: EIA Fuel Price Range Multiplier $2.26 - $2.50 .0375 (or 3.75%) $2.51 - $2.75 .0425 (or 4.25%) $2.76 - $3.00 .0475 (or 4.75%) $3.01 - $3.25 .0525 (or 5.25%) $3.26 - $3.50 .0575 (or 5.75%) $3.51 - $3.75 .0625 (or 6.25%) $3.76 - $4.00 .0675 (or 6.75%) $4.01 - $4.25 .0725 (or 7.25%) $4.26 - $4.50 .0775 (or 7.75%) $4.51 - $4.75 .0825 (or 8.25%) $4.76 - $5.00 .0875 (or 8.75%) 18.3.15 NMAC 2 $5.01 - $5.25 .0925 (or 9.25%) $5.26 - $5.50 .0975 (or 9.75%) $5.51 - $5.75 .1025 (or 10.25%) $5.76 - $6.00 .1075 (or 10.75%) $6.01 - $6.25 .1125 (or 11.25%) $6.26 - $6.50 .1175 (or 11.75%) $6.51 - $6.75 .1225 (or 12.25%) $6.76 - $7.00 .1275 (or 12.75%) $7.01 - $7.25 .1325 (or 13.25%) $7.26 - $7.50 .1375 (or 13.75%)
18.3.15.8 NMAC: Fuel Surcharge Line Item Calculation | Justis AI