European Stars and Stripes (Newspaper) - January 18, 1990, Darmstadt, Hesse Thursday january 16, 1990 the stars and stripes Page 5doe heating Oil refiners hiked profits Washington it apr refiners boosted their profit margins by 4b cents a gallon and local retailers added 9 cents to their margins at Ibe Peak of last month s Healing Oil crunch the Energy department said tuesday. Quot the increases in margins a the differ enc Between buying and Selling prices without regard to other costs Thal deter mine actual profile a were disclosed As part of a Senate committee hearing into an average 54 percent increase in Home heating Oil prices in new England in december. The figures arc the first government data indicating that both producers and local heating Oil dealers were among those taking advantage of the worst december cold snap in 70 years to boost profits. Profit margins always increase As Winter deepens and there was no testimony at the hearing on thai typical increases would be. Some Oil companies argued that the figures arc misleading in that they do not include later potential losses. Helmut Merklin head of the departments Energy information administration. Said the extent of those profits will not be known unlit May after Oil companies file firm Quarter income statements with the securities and Exchange commission. Ela figures showed refiner margins at 13 cents a gallon oct. 2, 21 cents on Dee. 18, 59 cents on Jan. 2 and 36 cents a week ago. Retail margins climb a from 29 cents to 33 eels from oct. 2 to Jan. 2. And reached 3h cents a week ago. From Jan. 2 to a week ago the wholesale Price in new England fell by the same 23 cents that the refine margin declined. Retail prices also fell but by a smaller 17 cents a gallon to an average s1.29. Quot it is possible that dealers May seek to increase their margins during january and february As wholesale prices Start to said Edwin Rothschild of citizen action a consumer advocacy group. Rothschild accused the major Oil companies of reaping $850 million in Windfall profits from the december chill saying c ingress should consider imposing fines a Cor anyone caught exploding a natural disaster to Consumers a Charles j. Miltona president of the american Petroleum Institute said sonic of the refineries1 increased Price margin was absorbed by higher operating and transportation costs. For example the committee was told of one Case in which the Price of chartering a Tanker Lor carrying heating Oil from a Texas refinery in new York jumped from $800,000 to $2 million at the Peak of the cold wave around Christmas. In another Case the Price for the use of a propane rail car Rose from s3a0 to $3,000. Glenn f. Tilton president of Texaco refining and marketing said profile his company made on Early december Price increases will Likely he offset by losses on 24 million Gallons it bought at 95 cents each the last week of the Namh. Robert Wesson a Waterbury Conn. Home Healing Oil dealer testifying on behalf of he Petroleum marketers association. Denied that retailers Are making excessive profile. Meanwhile the attorneys general of Connecticut Rhode Island and Maine asked inc committee to pressure the Justice department to conduct an antitrust investigation. Administration officials said investigations Are under Way in both halves recommended dosage of aids drug Washington a it a the food and drug administration on tuesday Cut by half the recommended dose of the drug at for aids patients who have been on the medication for More than a month. The Labelling change for the anti aids drug also known As zidovudine Calls for the drug to be administered at 600 milligrams a Day after one month of administering 1.200 Mill Gramsa Day. The Fra action is based on a study completed by the governments National Institute of allergy and infectious diseases. The study shows that the half dose regimen was As effective As the higher dose in prolonging survival and reducing the frequency of opportunistic infections that often kill aids patients. The study however did not determine whether the lower dose is As effective in aiding neurological problems in aids patients officials said. At made by Burroughs wellcome co. Is the Only anti aids drug approved by the Fra that directly combats the virus Thal causes the fatal disease which destroys the body a ability to resist infections and other diseases. However the highly toxic drug can Florio promises new ideas As new Jersey governor Trenton . It apr Democrat James j. Florio became Nev. Jerseys 49th governor tuesday promising new ideas to preserve old ideals. Florio an Highl lorm congressman from Southern new Jersey succeeds re publican Thomas h. Kean who could not by Law seek a third consecutive term. Kean will become president of the private Drew University in Madison. Quot after 15 years in Washington. I return to new Jersey Quot Florio told More than 1.800 people crowded inside the War memorial Hall near the slain House. Quot As i look out on this vast audience let me simply say. It s Good to be Florio 52, succeeded the enormously popular Kean on a Day of prayers a Sands of time in the stars and stripes 40 years ago today. Jan. Is. 1950 a . Authorities m Berlin charged 1ml the soviet Union ran a Quot slave labor Pool Quot of 400,000 German prisoners of War. The authorities also claimed the soviets anti-. Propaganda Campaign was merely a cover up for this labor pool.30 years ago today. Jan is. I960 a Nasa launched a Model of a relay balloon an aluminium coated Mph arc. 10 an Altitude of about 250 Miles and inflated it there to a diameter of 100 tcct.20 years ago today. Jan. Is. 1970 a two american prisoners were dragged Village to Village put on display then executed by the Viet Cong in front of a Hamlet Church North of Hue. A military spokesman reported.10 years ago Focay. Jan. 18. 1980 a Usa eur officials announced they were making headway in drug suppression efforts since they declared an ail Oul War on drugs a year earlier. But they were Quick to Point out that the Battle was far from Over. Inhibit the production of red blood cells causing severe anaemia. It can also reduce the number of White blood cells in dangerously Low Levels requiring the patient to discontinue use of the drug. In the government study 262 in Lipnis were Given 1,500 milligrams of at a Day for two years. Another group of the same Sie was Given 600 milligrams a Day for the same period. Rat Ion is in the Low done group were found to have fewer Side effects than those in the High disc group without any apparent difference in Benefit. Among Hose receiving the High dose nearly half had serious Adverse reactions that required them in discontinue treatment while hits happened to Only a Quarter or the Low disc in Lipnis. The of Day a dose recommendation does not prevent doctors from prescribing higher or lower amounts of the drug if they feel it is warranted. Mike Murdian executive director of the National association of people with aids said most physicians who treat Many aids patients have already begun prescribing the lower dose. Hut. He said for doctors in areas that do not have a lot of aids cases Quot this is important because Many of them will read a Label and prescribe according to rads and platitudes. But he also inherited deep problems that could make his first year in office a try ing one. Backing up a Campaign pledge to attack soaring Auto insurance rates Florio called for a special joint session of the legislature on monday to unveil his Long awaited strategy. New Jersey car insurance premiums average about $1,000 per car and rank among the highest in the nation. Last november Florio won the governorship on his third Irv. Trouncing gop nominee and fellow . Rep. James courier Quot my goal is a simple one. When i leave Here. 1 want to be remembered As the governor who brought new ideas to preserve old said Florio rare sight for California town a funnel Cloud hovers Over Gilroy Calif. Tuesday a phenomenon rarely seen in the area but reported this Lime by Many residents of he town and others in Southern Santa Clara county. said local weather conditions could result in additional funnel Clouds through wednesday
