Roosevelt action on oil price inquiry begins
Federal anti trust grand jury in Alexandria Virginia opened an oil price fixing inquiry. The investigation concerns major oil companies and is described as a second probe with no connection to an earlier inquiry. Victor R. Hansen stated the grand jury's scope and start date as March 4.
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Oil-Import Opponents Plan Drive Against Price War
Witnesses from Sun Oil Obla Oll Phillips Oil Socony Mobil and Standard Oil testified before the House Small Business subcommittee that they received identical calls on April 30 from salesmen saying price wars must end and prices rise to 319 cents per gallon by May 1. The hearing, part of two-day petroleum distribution reviews, spurred proposals for import-relief measures and a potential grand jury probe into possible antitrust violations.
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Sun Ol Co. Obla Oll Company
Phillips Oil Co
Socony-Mobil Gasoline Co
Standard Oil Co
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