Salt Lake Telegram | 1934-05-10 | Page 3 | Code Boosts Gas One Cent

L CODE BOOSTS la laI I GAS CENT eft ii Trade Commission Contends Unwarranted Increase Charge False 4 WASHINGTON May M 10 W-Gaso- W Gas rt line were reported by the led fed x eral trade commission today to have I i increased only about 1 cent per gal enl 1 Ion in the six months following of o the oil code i The made this state slate went ment in answer to a senate res resolution lution adopted in February after some ome sen sens tors contended that unwarranted price increases had occurred under codes The prIce gain of 1 cent the corn com mission said meant that consumers were payIng at an annual rate of about more for or gasoline on January 31 1934 than on July I 1 1933 and that according to oil industry industry indus indus- try figures the average aver gc dealer vice vice station price excluding taxes Was lower on July 1 1 1933 than on July 1 of any other year car since 1919 t The report also emphasized that the combined rate of state and federal sales tax on gasoline ranging nging r from 3 cents per gallon in s some me states to 8 cents in others accounts to en an average ot of about cents per gallon gallonI I and costs the consumers of gasoline approximately tely per year The report made no effort to give reasons for the price rise re r e except to point out the unhealthy condition of the markets at the beginning ot of the period p The effect or of the oil code corle on prices one way or another was not dis- dis cussed