Wednesday, July 12, 2006

Citgo to stop gas sales to many U.S. stations

This AP story explains that Venezuelan-owned Citgo will be cutting off sales of gasoline to some 1,800 U.S. gas stations.

What does this mean?

Not much really. Gasoline is a fungible commodity and Citgo station owners, who are independent businessmen, are not required to sell Citgo gas at their stations. In fact many times when you fill up at one station, the gas you are buying could have come from another company.

Citgo stations will continue to operate as usual only the gas may be coming from Shell, or Exxon, etc.

1 comment:

Orlando Furioso said...

Oh, my god. But they have helped us so much! Bush must be behind this, anything to subvert Hugo's plan of helping America's poor.