WHO'S TO BLAME?

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    • Subject Terms:
      UNITED States
    • Abstract:
      Focuses on the reasons for the gasoline price increase in the United States as of June, 2000. Opinion that market psychology and consumer expectation plays a role in the price increase; How oil refiners failed to build gasoline inventories to meet the summer demand; Opinion that the price spike may dissolve as demand falls over the summer and refiners finish supplementing inventories; Claim of oil refiners that the implementation of the new formulas for cleaner gas proved more complex than expected.