Wednesday, August 16, 2006

Gas Prices Q & A

I hit the gas price lottery this morning. After not filling up yesterday when the price was $2.87/gallon, I was happy to see the place near me had dropped the price to $2.79 this morning. Still, I wondered what caused the price drop, so I called Ron Leone on my KMOX show this afternoon.

Ron answered my questions and a lot more from listeners about gas prices. He also said that many of the local gas stations he represents have been losing money on the gas they sell for several months, and some of them may go out of business if this trend continues.

Listen to the conversation here.

Ron is executive director of the Missouri Petroleum Marketers and Convenience Store Assn.