Show Gasoline Takes One Cent Drop in Utah Idaho a. mountain Intermountain Motorists Come ComeIn In for Reduction That Has Has' Been Sweeping Country Salt Lake motorists s felt the jo Joy of the gasoline war Tuesday when the leading distributors cut the price 1 cent a gallon n throughout hout Utah and Idaho The Oil OlI company led ledrith with rith th the cut Tuesday Tuesday Tuesday Tues Tues- day morning and the lower price was met mt by the Texas company Producers and Refiners ann the Utah Oil Refining Other smaller r later lower lowered d their prices price Therefore the tho retail price orr as- as oline at at filling stations and curb pumps Is now flow 26 cents throughout the city including the 3 2 1 cents state ta tai The tank wagon price is 24 cents Including the 3 3 1 cents state tax It was only a few weeks ago that the price of or gasoline was raised from 26 cents to 27 cents by dealers and distributing companies throughout hout Utah and Idaho OGDEN Utah Aug 26 AP ArThe Ar- Ar The he price of or gasoline at service stations dropped 1 cent today to 26 cents This includes the 3 a i 2 1 cents state tax I NEW YORK Aug 26 AP AP- AP Automo Automobilists of the country are enjoying the lowest gasoline prices of the year In scores of cities motorists motorists motorists mo mo- are paying from 3 to 5 cents a i gallon less than the years year's peak in n July The average price In 30 0 representative cities however still stills i is s about 5 cents above the low level evel hit last summer durin during the trade depression New York leaders in the oil busi business usi- usi ness deny that a trade war exists ex- ex though they admit that there theres is s a fight to obtain all the business business busi busi- ness offered Price e slashing Is as ascribed ascribed ascribed as- as solely to over production Shipments eastward from the Pacific Pacific Pa Pa- coast where production over-production first manifested itself have depressed depressed de do- pressed the oil business in the mid- mid continental field C C. C 0 O. Wilson Vilson In the current Issue of or the Oil and Gas Journal says says' The Increased recovery of or gasoline gasoline gaso- gaso line Ine from crude petroleum the ac accumulation accumulation accumulation ac- ac of gasoline gasoline- sto stocks ks In in coastal territories an t the failure of or many refiners to adjust their production reduction to a slackened dem demand nd in n their territories are the principal principal principal pal factors in th the weakness of f the market v 1 Dp qUiel i I Although h gasoline stocks s on Jan arY were larger than necessary necessary necessary sary refiners added g gal gaj- lIons lIons' l- l Ions Ions' ons to this storage on ott J July lY 1 1 Only gallons were taken from storage in June The export demand fell off orr sharply sharp- sharp ly y during the recent high price levels It Is said and e even en now is far below normal A I. I |