P.M. BRIEFING : Gasoline Prices Still Rising
From Times Wire Services
LOS ANGELES —
The price of a gallon of gasoline rose an additional 2 1/2 cents in the last two weeks, reaching a national average of $1.4709, an industry analyst said.
Prices have risen more than 40 cents a gallon since Iraq’s invasion of Kuwait on Aug. 2, according to the biweekly Lundberg Survey of 13,500 gas stations.
The dealers’ margin stands at about 11 cents a gallon, down 2 cents a gallon from before the Middle East crisis, analyst Trilby Lundberg said.
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