Evening Republican, Volume 20, Number 229, Rensselaer, Jasper County, 23 September 1916 — Gas Users Warned of Big Rise in Crude Oil Prices. [ARTICLE]

Gas Users Warned of Big Rise in Crude Oil Prices.

Chicago, Sept. 22.— A price for crude oil that w,ill .startle consumers was predicted by C. I. Chamberlain, of Cleveland, one of the 150 delegates to the annual meeting of the National Petroleum association, which closed its meeting here with a banquet tonight. “We can offer no encouragement to users of gasoline,” Mr. Chamberlain said, “for the price of crude oil is increasing steadily and with the close of the war there will be an unprecedented demand for oil throughout Europe.” W. T. Jones, of Kansas City, expressed the same opinion and declared the output now exceeds $3,000,000 in value and that the output for 1915 was $225,000,000.