| OCR Text |
Show I THE MENACE OF I "CHEAP" GASOLINE! The Oil Producers' Sales agency of California recently appealed to the public, the producers and the marketers mar-keters of oil products for general cooperation co-operation in rehabilitating the petroleum petrol-eum industry. The agency points out that cheap gasoline, far from being a boon to the public, is really a menace. The great oil industry is so closely related re-lated to the people and businesses of the state that any condition that tends to disrupt it and cause losses must likewise work to the disadvantage disadvan-tage of all other business. By the same token, any program designed to stabilize the oil industry must inevitably in-evitably benefit all the people and particularly those suffering from the economic depression. The agency states that every cent saved on the price of gasoline costs the state, in purchasing power, $20,000,000 a year. A number of specific recommendations recommenda-tions were made. It is urged "that authorities au-thorities enforce regulations concerning concern-ing the conservation of oil and gas, and producers are urged to refine only enough oil to meet immediate requirements. The public, in its turn, is asked to lend its support to the movement. What is true for California is true for all other states where oil is a factor in economic life. Below-cost gasoline may seem attractive but in the long run we must pay for it, and at a high rate of interest. |
