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November 22, 2008 4:38:53 CST

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Old-School Pumps Can't Register New Gas Prices

Posted May 12, 08 7:30 PM CDT in US,  Business 

(Newser) – With gas at nearly $4 a gallon, thousands of American gas station owners foresee trouble—because their old-time pumps can't price gas at higher than $3.99. "In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these old pumps," one owner told the AP. "It's just not economically feasible."

Source Associated Press

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A customer pumps gas where self-serve regular gasoline exceeds the $4-a-gallon mark, with Diesel fuel at $4.50, at a Mobil station in Los Angeles Friday, April 25, 2008.   (AP Photo/Reed Saxon)
Pumps from an old Mobil station show the price of gas as it was in the 1960's in Newbury, N.H., Wednesday, April 30, 2008.   (AP Photo/Jim Cole)
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