Gas Retailers Fear Further Price Drops
L. D. Barney, THE JOURNAL RECORD
Despite the lowest pump prices in years, gasoline retailers are operating on minimum inventories for fear further drops in wholesale prices could stick them with tanks full of high priced gas.
Street prices have dropped as low as 69 cents to 71 cents for regular, but they have not dropped as fast as wholesale or "rack" prices, area retailers and jobbers reported.
Retailers have a profit margin even at 71 cents a gallon for regular - the lowest price at any stations operated by Onan Oil Co., said Virgil Onan, president.
Most of his stations are selling regular at about 73 cents a gallon, he said, with a penny or two more for unleaded.
"We've still got a …
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Publication information: Article title: Gas Retailers Fear Further Price Drops. Contributors: L. D. Barney - Author. Newspaper title: THE JOURNAL RECORD. Publication date: March 4, 1986. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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