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Gasoline Prices Declining Rock Midwest Over Four Years
Danville Virginia report notes retail gasoline prices in the Midwest have fallen to their lowest in about four years. Oil industry observers say prices under 50 cents a gallon including tax, with Chicago area typical at 39 to 59.9 cents, are shrinking margins and driving dealer price pressure. The trend appears nationwide, with wavering prospects for a rebound as wholesalers face near panic over cheap fuel. Corporate and consumer implications are mixed, as drivers welcome savings while industry faces revenue pressure.
MENTIONED IN THIS ARTICLE
Chicago
Midwest
Herb Hugo
Platt
Dilgram
Oilgram
Hugo