From WMOT News
(2008-05-23)
Gasoline
Regular unleaded gasoline is now selling for over 4 dollars a gallon in much of Michigan.
State gas station owners are feeling the pain from the high gasoline prices too.
Mark Griffin is the president of the Michigan Petroleum Association. He says the state's gas station owners need to charge between 4-15 and 4-23 a gallon just to break even.
Griffin says market forces are compelling them to sell for a few pennies less but the drink and candy sales that covered the difference in the past have evaporated He says that's pushing many of Michigan's 5 thousand gas station owners to the brink.
"Maybe 20 percent are either in danger of closing or seeing a change of ownership, within the next few months," says Griffin.
TRIPLE A predicts fewer Michiganders will be traveling this holiday weekend.
The main reason...high gasoline prices. © Copyright 2012, Michigan Radio
