9/01/2006


Unleaded gasoline is below $3 in LA, and keep in mind we pay thirty six cents per gallon in taxes too...... Unleaded is trading at $1.75 on the NYMEX this AM; this translates into $2.31 delivered at the refineries before transportation charges etc. Gasoline will come down a lot more unless...... The futures price has come down $.42 in thirty days. Crude was below $69 for a few minutes this AM (see above).

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