Word: 16â
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Dates: during 1923-1923
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...South Dakota Governor William Henry McMaster started a " gasoline war" by cutting the retail price to 16??. a gallon (TIME, Aug. 27). Governor McMaster is now talked of as a possible Vice Presidential candidate on the Republican ticket next year...
...plans for stabilizing wheat, could see no virtue in employing similar methods in any other industry, and Governor McMaster of South Dakota gained considerable applause when he purchased with state funds some 160,000 gallons of gasoline from a hard-pressed refiner, and offered it for sale at 16??. At once the Standard of Indiana lowered its price to 16?? too. The price-cutting war spread to other states. Governor Charles W. Bryan of Nebraska, not to be outdone, demanded a similar cut in gasoline prices, under the curious threat, of installing government-owned gasoline stations to compete regularly...
...Wisconsin, Minnesota, North Dakota, South Dakota, Kansas, Missouri, Oklahoma ? were affected by the 6.6¢ cut made by the Standard of Indiana. In addition, the Standard of Kentucky made a cut of 1¢ in Kentucky, Florida, Mississippi, Alabama. Georgia. The Standard of Nebraska cut its retail prices to 16??¢. Slight cuts followed in the Eastern states. W. C. Teagle (President of the Standard of New Jersey) declared that, unless crude oil prices continued to fall, further cuts in retail gasoline prices were unlikely...