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Article: GASOLINE GLUT LEADS TO LOWER PUMP PRICES IN MADISON AND ACROSS WISCONSIN, THE AVERAGE PRICE PER GALLON IS $1.41.(FRONT)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- July 17, 2001
CopyrightCOPYRIGHT 2001 Capital Newspapers. 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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Byline: Lisa M. Collins Associated Press
DETROIT -- Dire predictions of $3-a-gallon gasoline this summer haven't materialized, with many parts of the country seeing lower prices at the pump than a year ago.
The reason: an unexpected abundance of supply as the oil industry rushed to cash in on the high prices.
"Thank God," said cab driver Roberta Pitts, 29.
"It would have really hurt if it went up like they said it was going to," said Pitts, who foots half the cost of gas to drive for Direct Contact taxi company in Detroit.
As of Friday, the national average price of gasoline, including all grades and taxes, was $1.51 -- down ...