R News: As It Happens, Where It Happens -
[Cached Version]
Published on: 9/1/2005
Last Visited: 9/1/2005
"In the last two days my prices have increased 33 cents, and change," said Bill Adams, who's owned a gas station at the four-corners in Fairport for 20 years.Adams, who is president of the Gasoline Dealers Association in Rochester, says his supplier raised prices 22 cents a gallon from Tuesday to Wednesday alone.
"It's tough to take," said Adams.
...
"I think it's more or less used as an excuse," said Adams."I think they have plenty of inventory."
With Gulf Coast refinery production at a standstill, the federal government indicated it will tap into the strategic petroleum reserve.Whether that will stabilize prices remains to be seen.
Adams remains hopeful, though he predicts in the short term regular unleaded gasoline will top three dollars a gallon by this weekend.
What happens after that - is anyone's guess.
"It's gonna get to the point in time where the pain is going to be unbearable," said Adams.