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High prices mean long lines, low supply, and "panic buying."

September 13, 2001
By: Chris DuPree
State Capital Bureau
INTRO

There is no doubt that gas prices rose in the stae on Tuesday as cars were lined up, paying up to and more than four dollars a gallon. But were those high prices necessary? Chris DuPree has more from Jefferson City.

STORY

Most gas stations and convenience stores in the state had an increase in fuel sales of at least 200 percent on Tuesday in the wake of the terrorist attack in New York and Washington D.C.

Gas prices rose in fear of a loss of supply. Some rose from ten to thrity cents, but a few others rose extremely high, reaching four dollars or more.

But Ronald Leone, Executive Vice President of the Missouri Petroleum Marketers and Convenience Store Association, states even though the demands on the gas supply was high, price increases of the extreme level were seen only at a few isolated locations.

Actuality:Ronald Leone, Exec VP or MPCA
RunTime: 00:22
OutCue: "....anything in the industry."
Contents:

As a result of the terrorist attack, some oil refiners did temporarily shut down their production of gas, causing the supply lines to be rationed at different retail outlets.

But Leone states that stations were only without fuel temporarily and their supplies have been replenished and consumers should resume their normal gas purchasing habits.

Chris Dupree for KMOX news.