PRICE GOUGING CONTROVERSY PLAGUES INDUSTRY

08/20/1990
Bob Williams Senior Staff Writer U.S. refiner/marketers are scrambling to defuse controversy over wholesale gasoline price spikes following Iraq's invasion and takeover of Kuwait. Charges of price gouging have sparked moves by states to take legal action or introduce legislation related to the sudden runup in gasoline prices that totaled about 18/gal in the days after Iraq's invasion. Even as renewed concern over energy security apparently is helping industry politically on U.S. exploration/production issues, public outcries over the gasoline price controversy have triggered talk in Washington of reviving the "windfall...
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