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To: Reseller who wrote (40154)3/17/1999 6:25:00 AM
From: dealmakr   Respond to of 95453
 
Reseller,

I am considering opening a position in GPM an operator of service stations on the east coast. From their 10k the margins on fuel gallonage sold is only about .01. My question to you would be, with the volatility in crude prices lately do you think that those margins would be under pressure or would this be an opportunity to improve them?

Thanks

Dave



To: Reseller who wrote (40154)3/17/1999 3:11:00 PM
From: diana g  Respond to of 95453
 
Re: Gas Drawdown

Hi Reseller,
Is it possible, in your opinion, that this week's gas draw-down is related to the switch-over from winter to summer formulations that you mentioned?

<<<...Gasoline Inventories
A report late yesterday from the American Petroleum
Institute showing a greater-than-expected 3 percent drop in U.S.
gasoline inventories last week sent gasoline futures to a five-
month high and contributed to crude's gains. ...>>>---Bloomberg

regards,
diana


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