Gasoline WATCH

Gasoine WATCH

Just filled up in at CITGO on Westfield Street, West Springfield Ma @ $2.57 per gallon ... noted for the first time that their gasoline product is 10% ethanol ... I appreciate the alcohol derivative inclusion ... CITGO marks it that way at the pump. Will note here when I learn how long CITGO has been adding this to its NorthEast market. CITGO famous for the name from 'City Gas Oil' --is a subsidiary of Venezuelan Petroleum - long reliable -- and for that famous Fenway Park-Boston sign. At their website (link above) the corporate News releases share a little telling US history - such as - 1976 Garysville Louisiana as the last opening date for a new petroleum refinery in the mainland United States ... and the price composition: taxes about 25% ... marketing & dleivery about 18%. Diesel fuel is at $2.59 per gallon .. a near par with ordinary gasoline -- but an importamt price and supply capacity which would most influence the transportation industries price/cost multiplier. In June it ranged to 20 cents higher as refineries eased other gasoline demand .. it is about n the same range v-a-v gasolne as last year at this time .. it should/may become cheaper than gasoline before winter. CITGO