Gasoline Supplies Tighten, Prices Rise

Gasoline Supplies Tighten, Prices Rise: "Gasoline Supplies Tighten, Prices Rise

By BRAD FOSS, AP Business Writer

Thursday, September 1, 2005



(09-01) 08:55 PDT , (AP) --

Gasoline supplies tightened Thursday in markets that depend on shipments from Gulf Coast refiners and pipelines, and motorists increasingly faced pump prices well in excess of $3 a gallon.

Industry officials said a small-but-growing number of independent gasoline retailers in the Southeast and Midwest may simply turn off their pumps in the days ahead, either because of shortages or because wholesale prices climbed so high so quickly that they cannot compete without selling fuel at a loss."