Except to motorists, it was not news when the service stations around Los Angeles year ago started a price war which brought gasoline down to 7½¢ per gal. As common to the industry as red-handled pumps, the price slashing is still going on. But it was news indeed last week when a Federal grand jury in Los Angeles indicted and ordered arrested the top executives in two of the biggest oil companies on the Pacific Coast for aiding and abetting the price war and for violating the Oil Code.
The defendants: Standard Oil Co....
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