CHICAGO, Sept. 1 - At a downtown Marathon gasoline station here, gas prices did something strange in the wake of the deadly Hurricane Katrina - they fell 25 cents a gallon, to $3.45, for regular unleaded fuel.
The dealer, Jim Klun, dropped his prices Thursday after Marathon Petroleum, the company that supplies his gasoline, admitted through a distributor Wednesday that it had increased prices too much in the confusion that has gripped gasoline suppliers and retailers all over the country since Monday's storm.
Far from the devastation that caused flooding in New Orleans and other cities along the Gulf Coast, Mr. Klun is one of many dealers caught between oil companies and angry consumers.
Full Story @ New York Times
Posted by Muddy at September 2, 2005 07:58 AM