DonM “Bargain prices are over with,” says Richard Small, president of the Checker Oil Company in Chicago, operator of 240 discount stations in the Middle West."
1973🤔Interesting. News hasn't changed much in almost 50 years..............
**Gasoline prices in the United States range from 30 to 45 cents a gallon, and station operators are talking about the prospect of selling gasoline for 50’ or 60 cents a gallon. In nearly every part of the country, the typical motorist already is paying 2 to 5 cents more per gallon than he was a few months ago.
The failure of gasoline production to keep pace with demand is attributed to several factors—a shortage of refining capacity in the United States, problems in obtaining foreign crude oil, the inability of many American refineries to process some available foreign crude oil because its content corrodes their facilities, and a fall and winter shortage of heating fuels that caused refineries to concentrate on this area at the expense of gasoline.**
