Gasoline Is Selling for 12 Cents a Gallon and Nobody Wants It
- Fuel, car-wash sales way down, employee hours cut to 30 a week
- Conditions look bleak at the last stop in the oil chain
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In Fargo, North Dakota, cheap fuel has never been so unwelcome.
The Midwestern city is so awash in gasoline, the fuel last week sold for a record 12 cents a gallon at the rack -- its last stop before the pump. In better times, the price dip would be a boon for gas station owners looking to snag low-cost supplies. But with fewer customers every day, gas pumps are becoming little more than makeshift storage for ballooning inventories.