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...states???Illinois, Iowa, Indiana, Michigan, 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 16¼¢. 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...

Author: /time Magazine | Title: Gasoline War | 8/27/1923 | See Source »

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