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Article: Post-Labor day price declines minor. (gasoline prices)
- Article from:
- The Oil Daily
- Article date:
- September 11, 1986
- Author:
CopyrightCOPYRIGHT 1986 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Post-Labor Day Price Declines Minor
WHOLESALE GASOLINE prices have switched direction in the past week, and yesterday was the first day in which a clear majority of the price changes by the major U.S. oil companies were reductions.
The reductions were not generally over 1.0 cent per gallon, but they did outnumber the increases by over three to one, and this seems to mark the end of the price run-up in response to the OPEC production limit. Price reductions usually do occur after Labor Day and the end of the heavy driving season.
Mobil and Chevron made the largest number of changes, and both made their largest reductions in the Los Angeles area, ...