U.S. REFINERS DRAW FIRE FOR PRODUCT PRICE SPIKE

U.S. refiners drew the blame at a congressional hearing last week for last month's sharp increases in middle distillate and propane prices. Members of the House energy and power subcommittee were indignant about the increases and were not satisfied with explanations detailing record cold weather and refinery shutdowns. They vowed not to let the matter drop simply because prices are declining now.

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