NEW YORK, Feb 21 (Reuters) - Motorists in the United States should not blame Big Oil for a recent spike in gasoline prices, but rather a "perfect storm" in the petroleum industry that has cut deeply into global supplies, the American Petroleum Institute (API), an oil industry body, said on Friday. "There have been calls about price gouging by the industry, but the facts don't support those claims," said API president Red Cavaney at a conference in New York. "The consumer doesn't understand ...
Premium Content (PAID Subscription Required)
"U.S. Big Oil says 'don't blame us' for gas prices" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.