Show 1 I ADVANCES IN PRIE OF c Shortage in Produce Is I A ready Serious Declares Declares' John C. C Howard With Wih crude production far out of pro proportion pro pro- portion to the rapidly increasing consumption tion ton throughout the the- nation the gasoline situation situation- Is growing more serious be expected and nd an Increase In price may hero here in the near future said ald Pr John C. C Howard of f the Utah Oil 01 Refining J company today That the toay refiner has lias had his day aid Is Buffering undue burdens burens from the price pric onslaughts II t o Of N the production end of business w the sense of Mr r Howards a remarks There is no immediate relief for or the refinery business he said 1 ous regards ars shortage so gasoline tl of ei the there re flivver Is already propelling a J seri serious juice and how great this will wi be b no one one can cn predict at least leat not until production of crude approaches somewhere near ner th Ue normal needs needs As everyone knows oil 01 now is like Bold old coming out of the ground saja sas Mr Howard Producers are getting whatever whatever what what- Howar ever they ask ask they are holding up uP the refineries with wih impunity I Their zeal for higher crude prices known know no n bounds seemingly Yet et t there w 1 very ver great shortage or cra crude ana i vms I situation will prevail Indefinitely pre al The Salt Lake price of gasoline b is 2 cents below the market price of ot Dener Den Den- D n- n er vel right now Consumers may expect an increase soon and perhaps further son Increases In we have to suf suffer fer the burden of tak transportation costs gasoline Another shortage local lol authority throughout points pints the to the nest est He that California refiners refiners- have only says fourteen Courteen days das supply in- in inTe re In-re- Te- Te serve sere while they should have ha a three thre months months' reserve to take care of summer neEds needs The Midwest refineries are short thirty days das in their gas supply and J to be b should have four months months' to in shape It I Is no shap extravagant prediction that that 60 crude now selling at a approximately will advance to 10 within the course coune of ofa a. a a year as asserts erts this authority |