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Arab Oil Embargo / Gasoline Overchg. Allegations / Gulf Oil #54905

ABC Evening News for Thursday, Jul 27, 1978
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(Studio) High prices for gasoline during Arab oil embargo of 1973 noted. Gulf Oil's agreement to pay United States Treasury for overchgs. during embargo stated. Energy Depth indications this could be only beginning mentioned.
REPORTER: Frank Reynolds

(DC) Details about alleged overchgs. during embargo given; films shown. Gulf's denial of overchgs. [Gulf corporate secretary Charles BOYCE - states reasons for settlement.] [Energy investigator Paul BLOOM - discusses process through which foreign crude oil had to go before getting to customer.] Difficulty for customers to get back money allegedly overchgd. noted.
REPORTER: George Strait

Reporter(s):
Reynolds, Frank;
Strait, George
Duration:
00:01:50

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