|View printer-friendly version|
|Sunoco Gasoline Supplies Adequate|
TOLEDO, Ohio, Sept. 12 /PRNewswire/ -- The people of Sunoco (NYSE: SUN) are deeply saddened by the events of September 11th. As our nation continues to respond to the tragic news, we must do our part by ensuring that our facilities are secure and productive so that products are available in our markets.
We want to assure the public that our refineries, pipelines and trucks are operating normally, and supply is adequate.
World markets, including petroleum markets, have been affected by the uncertainty brought by Tuesday's events. While there will be some price fluctuations, supplies have not been disrupted in this region.
The emotional response yesterday afternoon and evening in Ohio and Michigan caused a strain on supply as approximately five times the amount of people who typically fill up in a given day flocked to stations on unfounded rumors and fears that the supply would be disrupted.
Sunoco's current appraisal is that markets are adequately supplied and there is no reason for excessive price increases. Sunoco is appalled at recent, isolated incidents of price gouging. No one should try to take advantage of this difficult situation.
To understand pricing yesterday, it is important to understand that Sunoco sets the pricing at only 10 percent of its more than 900 stations in Ohio, Michigan and Indiana. The majority of Sunoco stations in these states are independent dealers and distributors, who set their own price.
While Sunoco has no control over the price at dealer and distributor locations, Sunoco is urging our dealers and distributors to price responsibly.
At Sunoco's company-owned stations, the prices have remained stable. Sunoco will continue to price according to the local markets.
We urge anyone with a concern about any Sunoco location to contact the company at 1-800-Sunoco-1.
MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X72849122
SOURCE Sunoco MidAmerica
CONTACT: Olivia Summons, +1-419-698-6910, or Mike Brice, +1-419-698-6624, both of Sunoco/
Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.