San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-14
|owest Prices in History Of
City Reached Thursday
at I to 9 Cents. :
tAJORS TO co TO TEN
lnother Chapter in Case
hine Slaughter Written
During Weekend Here.

rhe week just closed made history
the gasoline market in San An
Snio. One small independent cut the
.ice TO Z cents Thursday and init
lated it might 60 lower. Other lnde-
endents sold at from 8 to U CENTS
3ith the major companies ut l cents
v Saturday morning the Gun ITO.
Fiction Company had posted a price OIL
n cents and it was intimated by sew
Fail of the other big companies tnat
hey would met this price before We
lose Of business. 1t was veritapie
laughter of prices, it being said thar
asoline was retailing around the
ttual cost of production so that some
the companies doubtless we're car
Wing the handling charges, losses
Eom evaporation, ETC., at a compiete
kss. AT the close of business Satur-
hy it was intimated in some quar-
krs that 5 cents might be the MINI
Rum price of gasoline shortly, put IL
/ doubtful if the larger companies
I'm meet such cut and the supply
kailable to the independent distripu-
brs is limited.
Lowest Prices Here.
The prices prevailing Saturday were
NE lowest gasoline prices IN the MS
Ery Of San Antonio. During the week.
he Grayburg Oil Company put Som,
rsst crude bask to dollar-a- barrei
Iasis which approximates the lowest
Eude prices in that field which is
In wears DID, At one time Somerset
.ude sold for $3.50 a barrel at the
fells.
l With variety of prices for gasoline
Ind with some variation in the quaiity
H gasoline being sold here, the mar,
Lot Saturday was about as unsettIeu
ID oil distributors can remember. NO
EXPLANATION was given by tine larger
Companies for the situation: whiie tne
Independents who discussed the mat
Err at all. were inclined to attribute
Ihe situation to desire to sell gaso-
me. This. coupled with the fact tnat
h the north and east. the winter sea-
lon is approaching. with a consequent
lecrease in consumption of gasoline;
Probably is causing the effort TO sell
ltocks ms rapidly as possible. Then,
10 iob lots of gasoline are being sac
Iificed. -.
Oyer-production of crude and the
bling up of stocks in storage, both
lefiped and unrefined, is the explana-
hon given for the lowering OF prices
throughout the country, but San An
lonio's prices are believed to be con-
iiderably below the price levels else
where which is due in no little meas
Ire 70 the adjacent oil pools and the
Isct that several small refineries oper-
lite here.
/ With a daily production of approx
,nately 1000 barrels of light oil. the
.somerset field has been large factor
In holding down retail gasoline prices
here for the last two years. Also tne
F.uling pool with 10000 barrels being
shippcd daily. much of it to San An
tonio. and the Miranda pool with
boo barrels a day or more, also figure
N the local situation. The local situ-
ltion is proving puzzle to both
wholesalers and retailers, but 1t is a
source of JOY to flivver owners who
Fan motor for less expenditure for
yasoline than ever before. Some OF
ehe oil men are inclined to hold that
The present prices will not prevail
Tor long, but will be advanced ma
terially in n few days. Others seem to
think the prices will go even lower
before an upturn takes place.