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The Nation

October 14, 1985

Retail gasoline prices dropped in early October, continuing a 14-week slide and outpacing the drop in wholesale prices for the first time since April, said Dan Lundberg, oil industry analyst in Los Angeles. An Oct. 11 survey of 17,000 gasoline stations nationwide showed the average price for all grades of gasoline dipped to $1.20 a gallon, compared to $1.21 a gallon in the previous survey on Sept. 20. Wholesale prices dropped an average of 0.84 cents, he said.

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