What's this ? Parts of Mid West paying far more for Gas?

greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread

HERE NITWITS. Even sysman can read it. Indiania paying 56cents more than Ga. and far more than Va. KEEP LYING HAWK AND SGT. BIG MOUTH.

Indiana Suspends State Sales Tax on Gasoline

greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread

Tuesday June 20 5:57 PM ET

INDIANAPOLIS (Reuters) - Declaring an energy emergency in his state, Indiana Gov. Frank O'Bannon on Tuesday suspended the state's sales tax on gasoline for 60 days.

The governor said the move would help residents cope with surging gasoline prices by shaving up to 10 cents off each gallon of premium-grade gasoline at an estimated cost of $11 million.

``Some Hoosier motorists are paying $2 or more per gallon. That's 56 cents more per gallon than gas stations in Georgia are charging and 48 cents more than stations in Virginia are charging,'' O'Bannon said in a statement. ``Hoosiers can't afford to wait on federal and state investigators to tell us why the Midwest is being hit so hard.''

The governor also warned that if gasoline price cuts are not seen soon, he will ask the state attorney general to investigate price gouging by petroleum companies.

The U.S. Federal Trade Commission said Tuesday it will submit an initial report to Congress in three to five weeks on whether oil companies are gouging Midwest drivers.

Drivers in Midwest cities such as Chicago and Milwaukee are paying prices as much as 50 cents higher a gallon than the national average. The oil industry, meanwhile, has said the disproportionately high pump prices in the Midwest are due to pipeline disruptions and new anti-smog regulations imposed this spring by the Environmental Protection Agency.

-- cpr (buytexas@swbell.net), June 20, 2000




-- Sysman (y2kboard@yahoo.com), June 20, 2000.

That's very nice, CPR. Please explain the relationship between this news item and the wholesale price of gasoline in New York Harbor, which of course is the basis of the futures contracts that we've been discussing. Oh, there isn't one? Too bad. Better luck next time!

-- Sergeant Friday (just.the@facts.maam), June 20, 2000.

Moderation questions? read the FAQ