Word: retailers
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Dates: during 1970-1979
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...chief cause of the decline is the collapse in consumer spending. In the second quarter, retail sales, discounted for inflation, fell 1%, the first real decline since...
...average in-the-ground pool is 18 ft. by 38 ft. and retails for $8,900, a little more than the price of a quality midsize car, but bigger and fancier models cost as much as $30,000. Even sales of above-ground kiddie-type pools, which retail for $700 to $1,200, are running 15% ahead of last year. Total purchases of pools, chemicals and equipment should reach a record of close to $3 billion. The market is helped by the new attention to fitness and the inflation in costs of faraway vacations, but the driving force is gasoline...
...Prices. Despite statutory limits on prices and profits at the retail level for gasoline, the agency's own regulators admit that as much as half of the gasoline sold today is priced higher than the law permits. With only 400 inspectors to police 225,000 gasoline retail outlets, enforcement has been futile. This week the department will increase the legal profits retailers can collect. Thus stations, some of which have closed down in protest, may be able to raise prices another nickel a gallon...
...this total supply, they subtract 5% to be set aside and distributed at the discretion of state authorities to alleviate local crises. They then subtract the amount they will require to supply all the needs of top priority customers like the military and farmers. The rest gets divided among retail gas stations...
...fever has spread to Massachusetts, where Carl Olson, president of the Bay State Retail Gasoline Dealers Association, estimates that "there are 30 million gallons rolling around in automobile tanks that would normally be in the pumps." Local officials, including police chiefs, must make sure that at least one station in each locality remains open between 7 a.m. and 10 p.m. A hot line has been installed to tell callers which stations are pumping. Dealers can request gas from the state's set-aside reserve for weekend operation, but police must first verify that they are maintaining the weekend service...