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Hancock gas war is over

March 10, 1998|By BRENDAN KIRBY

Hancock gas war is over

HANCOCK - Hancock's gasoline price war is over.

For about two months, gas stations here sold gas for as low as 93.9 cents per gallon. But now that a discount filling station has gone out of business, prices have inched higher.

As a result, prices have climbed in Hancock at the same time they have declined elsewhere in the Tri-State region. Still, gas station owners said the price - at about 99 cents per gallon for regular unleaded - remains low.

"Now the prices in town are more in line with the rest of the area," said Fleming Oil Co. owner Lee Fleming, who owns the Citgo station on West Main Street.

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Fleming said he is charging $1.01.9, while some stations are charging as low as 98.9 cents per gallon.

Gas station owners point to last week's closing of the Lowest Price gas station on the west end of Main Street as the reason for the recent climb.

Judy Brown, manager of the BP Food Mart on East Main Street, said her prices have risen to $1.01 a gallon. But she said the profit margin is still extremely low.

"Still scratching to get by," she said. "As it looks now, there's no change."

Fleming said worldwide market conditions have kept prices low in Hancock. He declined to guess when those conditions might change.

"Two things you can never predict is the weather and gas prices," Fleming said. "You never know what to expect. You've just got to roll with the punches."

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