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RCED-83-238 1 (1983-09-22)

handle is hein.gao/gaobabncx0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE 00 WASHINGTON, D.C. 20549 :ESOURCSS CCI',I UNITY ',NO ECONkM C:VELJP rE'V SEPTEMBER 22. 1913 r1VISIGlN B-205276 The Honorable Stan Lundine 122386 House of Representatives Dear Mr. Lundine: Subject: Analysis of Gasoline Prices in Cattaraugus County, New York (GAO/RCED-83-238) In your letter of June 6, 1983, you requested our assistance in analyzing reasons for differences in petroleum product prices in Cattaraugus County and other areas of western New York. Your request was made on behalf of members of the Petroleum Pricing Committee of the Cattaraugus County Legislature who had expressed concern about high prices for petroleum products. Although the Pricing Committee had conducted a study of petroleum product prices, it was unable to determine why the prices in Cattaraugus County were higher than they were in other locations within a 50-mile radius of the county. Therefore, you requested that we review the materials gathered by the Committee and consider per- forming an indepth investigation of disparities in petroleum product prices in western New York. In responding to your request, we analyzed the Pricing Committee's study and obtained and analyzed available federal information on gasoline prices. In summary, our analysis showed that wide fluctuations in prices in any one geographic area can be expected as a result of free market supply and demand conditions. These conditions have become a greater influence on prices since federal controls over gasoline prices were removed in January 1981. Our analysis also showed that even though a geographic area may be experiencing higher gasoline prices than it had previously experienced, these prices can be relatively low when compared with prices in other areas of the country. We discussed the results of our analysis with your office, which was satisfied with the information we provided. Your office also agreed with our view that, since gasoline prices are no longer under federal control and are subject to variations caused by marketplace influences, a detailed study of the pricing situa- tion in Cattaraugus County was not warranted. At the request of your office, we are providing you with this letter, which summarizes the results of our work. (308903)

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