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Oil Freeze Extension Possible
Washington reports Phase 4 oil industry ration rules are not ready and the price freeze may be extended again. The Cost of Living Council notes the petroleum regulations likely won’t be ready today, with a Friday release hoped but not assured. Bert M. Concklin to head a new Office of Price Stabilization handling oil and other sector price increase decisions and exemptions. The government also reports a Q2 balance of payments surplus of 463 million and weighs wheat export controls to guard domestic supplies.
MENTIONED IN THIS ARTICLE
Washington
Cost of
Bert M. Concklin
Concklin
Frederick B. Dent