U.S. Business: The Great Gas War

In the lobby of Roanoke's Hotel Roanoke last week hung a large wreath of yellow roses and gladioli with the inscription: "In honor of those who gave their all in our fight for freedom in the market place." It was a reminder to the delegates at the National Congress of Petroleum Retailers meeting that 60,000 service station operators have bitten the dust in the Great Gasoline Price War, which threatens to be the sharpest and costliest ever.

Price wars have spread like a rash across the nation, dumping prices in some places to as...

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