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Page added on April 30, 2007

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Oil Companies Created ‘Shortage’ That Is Driving Record Pump Prices

Even as crude
oil prices fell slightly today, gasoline prices continued a rocket
trajectory upward due to “supply shortages” resulting from a combination of
ineptness and greed on the part of oil companies, said the Foundation for
Taxpayer and Consumer Rights.

Analysts blamed new refinery outages in Texas and Oklahoma, while a
spokesman for the American Petroleum Institute told the Kansas City Star
that the problem was partly due to falling imports of gasoline.


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