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To: delacoert

Curiosity causes me to ask, how was that .30 price derived? Was that the "prevailing rate", do you know what kind of formula they use to come up with that price? As I recall in that time period there was a phenomena that was occurring on a very regular basis called "gas wars" was this factored in? Any consumer who was at all savvy in those times watched for them. I know that my parents did and I also know that they seldom payed the going rate for gas because of it. I can remember on several occasions in the 60's that we payed .03 cents a gallon. This was obviously before so many states outlawed selling below cost. We no longer have the benifit of these "gas wars" because of the state laws.


76 posted on 08/31/2005 2:07:25 PM PDT by ghostcat
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To: ghostcat
The site from which I took the price data is a DOE web site. The gasoline price link simply lists the annual retail prices going back to 1949. I imagine the numbers are averaged over available data.
77 posted on 08/31/2005 2:19:46 PM PDT by delacoert
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