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Gasoline Prices #192851

ABC Evening News for Wednesday, Jun 21, 2000
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(Studio: Peter Jennings) Report introduced.

(Vienna: Jim Wooten) OPEC's agreement to increase oil production featured. [OPEC (Organization of Petroleum Exporting Countries) Secretary General Rilwanu LUKMAN - blames taxes.] [Schroeder Salomon Smith Barney Peter GIGNOUX - cites the time it takes for oil to get from the Persian Gulf to your car.]

(Studio: Peter Jennings) The "blame game" on Capitol Hill introduced.

(Washington: Jackie Judd) FTC (Federal Trade Commission) investigation into gasoline price fixing and collusion examined; details given of who is blaming who. [FTC chairman Robert PITOFSKY - says prices have spiked in the Midwest.] [Representative Bobby RUSH - criticizes the investigation.] [EPA administrator Carol BROWNER - asks why cost drops are not reaching the pump.] [American Petroleum Institute Red CAVENEY - denies industry wrongdoing.]

(Studio: Peter Jennings) A closer look at gas price responsibility presented; price-per-state map shown.

(New York: Bob Jamieson) The reasons for different gas prices in Chicago versus Seattle, for example, examined; statistics cited. [Two Chicago MOTORIST - wonder about prices.] The issue of supply and demand in the Midwest and the use there of reformulated gasoline for environmental reasons cited. [Dresdner Kleinwort Benson oil analyst James FALVEY - cites exceptional demand for gas in the US.]

(Studio: Peter Jennings) AAA estimate on the millions on the road this July 4 noted.

Reporter(s):
Jamieson, Bob;
Jennings, Peter;
Judd, Jackie;
Wooten, Jim
Duration:
00:06:50

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