Gasoline Margins Narrow

By Danker, Jessica | THE JOURNAL RECORD, May 27, 1994 | Go to article overview

Gasoline Margins Narrow


Danker, Jessica, THE JOURNAL RECORD


Memorial Day holiday travelers will see price increases at the fuel pumps in Oklahoma, according to the Oklahoma City office of the American Automotive Association. However, the association said these prices are down compared with last year.

The Oklahoma average price of self-serve regular unleaded gasoline is $1.01 per gallon, down 6 cents compared with last year but up 5 cents compared with Easter 1994, according to the automotive association. The national fuel price for self-serve regular unleaded is $1.10 per gallon, 2.7 cents lower than a year ago.

"Dollar for dollar, considering inflation, it's probably the cheapest gas has ever been in Oklahoma," said Rick Bickford, the association's director of public and government relations.

Right now, Oklahoma fuel marketers are experiencing the cheapest margins in 10 years, according to Elmer Smith, president of the Oklahoma Petroleum Marketers Association and Elmer Smith Oil Co. in Clinton.

"Jobbers probably have had the worst first quarter in 1994 with margins being lower than I can remember," Smith said. "At the same time, refiners' margins have been much better, and major oil companies are showing double the profits compared with 1993."

Jim Gillett, director of downstream government relations for Phillips Petroleum Co. of Bartlesville, said "both prices and margins, no matter which sector (refiners or marketers), is determined by the marketplace and by competitors in the marketplace."

"Those different sectors of industry don't always run in tandem," Gillett said. "One may be up at one point, while the other one is down due to rising feed stock prices or what competitors are selling for."

Gillett said crude oil prices are an important factor, but the primary determination is seeing what competitors' products are selling for in a particular marketplace.

Thursday on the New York Mercantile Exchange, light sweet crude for July delivery settled at $17. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Gasoline Margins Narrow
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.