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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 21, 2000
Page
6
The EPA chief Browner urged Congress to amend the Clean Air Act to ban or limit MTBE usage and strengthen protections while the agency may act unilaterally under the Toxic Substances Control Act. MTBE, used since the 1970s to boost octane, can contaminate water and is linked to animal cancer.
A garbled summary notes Americans use nearly 20 million barrels of petroleum in four days with more than half from unspecified sources. It mentions domestic production and imports along with unclear percentages and spelling errors in reference to OPEC and supply.
Station owners say profits shrink while crude oil costs pass through the supply chain. Oil producers cut output to curb prices, driving a yearlong surge. analysts estimate each $1 rise in oil adds about 20 cents to a gallon. Experts foresee possible stabilization if OPEC eases cuts, though inflation risks persist.
In Syracuse area stations face tight margins as wholesale costs jump and credit card delays cut profits. Parents, owners note frequent pump price changes driven by supplier forecasts and rising freight, with typical per gallon margins around a few cents after taxes.
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