(2006-04-22) — A spokesman for the U.S. oil industry today said the cost of gasoline at the pump has increased lately due to the high cost of fuel.
Industry expenses have increased substantially for company cars, corporate jets, tank trucks, ocean-going oil tankers, shipping refinery parts and other operations dependent on petroleum products, the unnamed industry source said.
“When the high price of fuel jacks up the cost of delivering gasoline to the consumer, we need to recover that cost some way, and that means higher prices at the pump,” he said. “That’s just petroleum economics 101.”
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