Gasoline has settled at around $3.00/gallon + or - 20 cents in New Jersey.
A rule of thumb I heard was that gasoline retails for about 60 cents above
wholesale. Wholesale prices are around $2.40 today on the NYMEX, so $3.00
is about right.
----- Original Message -----
From: "Jed Rothwell" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Thursday, September 01, 2005 4:57 PM
Subject: Re: Gasoline panic has begun in Atlanta
All is quiet in Atlanta today. I see no gas lines. The price settled at
$3.15 per gallon, after the governor declared a "gasoline price state of
emergency" yesterday evening.
I do not understand why people were in such a tizzy.
- Jed
