Despite High Crude Prices, Gas Prices Dropping

Laracy, Alex
October 2004
Convenience Store News;10/16/2004, Vol. 40 Issue 13, p12
Trade Publication
This article discusses the future prospects of retail store business. While rising demand for fuel and one fears of supply disruptions due to political unrest across the globe are causing crude oil prices to reach the highest prices in history, gasoline, at the local level, has dropped as much as 10 cents per gallon in the past two months. Retailers have gone through so many ups and downs this year, so they've really been on the front lines of consumers' wrath. According to the Lundberg Survey, which tracks gasoline prices nationwide, retail margins are down from about 9.24 cents per gallon one year ago to 8.65 cents per gallon now.


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