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NOVEMBER GAS PRICE FALLS 3.7 CENTS PER GALLON; DOWN MORE THAN 13 CENTS FROM LAST YEAR

 CLEVELAND, Nov. 4 /PRNewswire/ -- Because of an oversupply of gasoline, the increase in the federal fuel tax has been wiped out in Cuyahoga County as the price of gasoline has fallen 3.7 cents per gallon in the past month, according to a survey released today by Cuyahoga County Auditor Tim McCormack.
 McCormack's survey of some 50 service station outlets throughout the county shows the average price of self-serve regular unleaded gasoline is $1.043 per gallon.
 Last month, that price stood at $1.08 per gallon.
 Petroleum industry sources have told McCormack that a large surplus of gasoline is responsible for the declining price.
 "At this time last year, the average price of gasoline stood at $1.179," McCormack said. "What we are hearing is that despite increase in the federal fuel tax, there is simply too much gasoline in the marketplace and that is keeping the prices down."
 When the fuel tax increase kicked-in on October 1, the price of gasoline increased by about 3.5 cents.
 However, because of current market conditions, the local price of gasoline is falling, McCormack noted.
 Residents in the eastern section of Cuyahoga County continue to pay more for gasoline, McCormack's survey shows. The November report indicates that the east suburban residents pay an average of $1.073 for a gallon of gasoline; western suburbanites pay an average of $1.049 per gallon, or 2.4 cents less for the same product.
 Within the City of Cleveland, east side motorists are paying about 7.2 cents more per gallon than their west side counterparts.
 The average price of gasoline on the city's east side costs $1.102 per gallon; on the west side the price stands at $1.03 per gallon.
 McCormack's survey also showed full service costs motorists 44.1 cents more per gallon than self-serve.
 A Gastown outlet on Cleveland's east side is purveying the county's lowest price of gasoline at 92.9 cents per gallon. A Marathon station on the city's east side is selling the highest-priced gasoline at $1.209 per gallon, McCormack reported.
 By law, McCormack's office is required to check gasoline pumps to ensure their accuracy.
 Average prices on a station-by-station comparison are:
 Nov. 4, 1993 Oct. 7, 1993 Increase/Decrease
 GASTOWN $99.7 Cents $1.027 (3 cents)
 SUNOCO $1.047 $1.065 (1.8 cents)
 AMOCO $1.049 $1.072 (2.3 cents)
 UNION 76 $1.067 $1.074 (7/10ths cents)
 BP $1.085 $1.117 (3.2 cents)
 SHELL $1.087 $1.103 (1.6 cents)
 MARATHON $1.099 $1.100 (1/10th cent)
 -0- 11/4/93
 /CONTACT: Tim McCormack, Cuyahoga County Auditor, 216-443-7010/


CO: Cuyahoga County Auditor ST: Ohio IN: SU:

BM-AR -- CL010 -- 0488 11/04/93 07:58 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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