U.S. Big Oil says 'don't blame us' for gas prices

Newswire

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 ...

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