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Business / Record-High Gas Prices #771611

FNC Evening News for Sunday, Mar 21, 2004
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(Studio: Laurie Dhue) Report introduced.

(Los Angeles: Trace Gallagher) The reasons behind America’s record-high gas prices featured; details given about oil producers’ claims that the increased price is due to the higher cost of crude oil and new pollution laws that have forced the creation of more varieties of gas and critics’ accusations that the oil companies are profiteering. [MOTORIST – says prices are outrageous.] [American Petroleum Institute’s Genevieve MURPHY†- discusses the reasons why oil companies have had to create more varieties of gas; says gas prices have risen slower than inflation.] [Utility Consumers’ Action Network’s Michael SHAMES†- criticizes the rising costs of gasoline.] [Senator Kay Bailey HUTCHISON†- says the US must decrease its dependency on the Middle East for oil.]

Reporter(s):
Dhue, Laurie;
Gallagher, Trace
Duration:
00:02:20

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