Majors freeze gasoline prices, call isolated price spikes unwarranted

Plentiful US supplies of crude oil and refined products don't justify a sharp spike in US retail gasoline prices in the wake of terrorist attacks on US targets, industry officials and analysts said last week.Still, President George W. Bush should "send a message to the world" by immediately announcing plans to dip into the nation's Strategic Petroleum Reserve if necessary, said George Gaspar with Robert W. Baird & Co. in Milwaukee."He should make it clear that's a tool that we stand ready to use. And he should immediately make the necessary connections with the oil companies to use it," Gaspar said. "When President Bill Clinton last opened that reserve, he had no arrangements ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected