Evening Republican, Volume 20, Number 94, Rensselaer, Jasper County, 19 April 1916 — GASOLINE PRICES NOT TO GO DOWN [ARTICLE]

GASOLINE PRICES NOT TO GO DOWN

Experts See Little Hopes For a Re-duction-—The Supply of Crude Oil to Be Exhausted Soon. Washington, April 'lß.—Little ’ ope for a reduction in gasoline pi ices is seen by experts of the bureau of mines, which issued a statement today, declaring that at the present rate of production the country’s supply of crude oil would be exhausted in 27 years. Relief can come, the statement says, only through development of processes for obtaining a large quantity of gasoline from crude oil. Van H. Manning, director of the bureau, pointed out chat oil companies competing to supply the government with' gasoline had quoted a price of 31% cents, and said private consumers probably would have to pay more. The fact that the government quotation was so high, he decalred, showed that no Immediate drop was to be expected. Present indications point for c decreased production of gasoliLe from crude oil for 1916. “We are burning 25 per cent of our petroleum under boilers which is a criminal waste, and we are using another 20 per cent In the manufacture of gas. This gas should be made from coal.”