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 WASHINGTON (AP) - Motorists may appreciate the recent decline in fuel prices, but not as much as gas station owners do.
When pump prices skyrocketed after Hurricane Katrina, gasoline retailers were caught in an uncomfortable paradox — they were accused of gouging at the same time their profits were being squeezed by runaway costs at the wholesale level.
Now the reverse is true. The outrage from consumers and Congress has died down just as gas stations around the country are reaping some of their best returns at the pump in years by passing along huge savings at the wholesale level as slowly as possible.
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