Word: texaco
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Exxon up 55%, Gulf up 68%, Mobil up 78%, Getty up 83%, Texaco...
...there are certain guys in and around Brooklyn who have been hijacking 3,000-gal. gasoline trucks for a month or so and making themselves a nice piece of change. So far, they have knocked over at least 15 belonging to Texaco, Mobil, Exxon and others. The companies store gasoline and oil in Greenpoint, a factory area in Brooklyn where the barges come up Newtown Creek and unload. The gas is trucked around New York City, and it does not take a genius to know that the trucks all have to take the same main roads...
...trucks pass, and when one stops they step up to the driver's side and shove a piece in his ear and tell him to get down on the floor unless he wants his brains blown out. The driver, not being willing to die for dear old Texaco, does what he is told, and a plastic bag is yanked over his head to help keep him quiet. These guys prefer unmarked trucks because, say, a Mobil truck pulling up to an Exxon station might draw the attention of a prowl car. They drive to a friendly gas station, usually...
Things were going pretty good until last week, when 17 Texaco drivers refused to take the trucks out of Greenpoint on account of four had been knocked over already, and one of the drivers was almost killed when the plastic bag over his head started to suffocate him before he could escape. So company bosses said they would put the Texaco logo in letters 17 in. high on its trucks, to replace the small sign on the door of the cab, which was not very noticeable from 50 ft. away. They also promised to think about some other steps like...
...reaction of the oil companies to gasohol remains mixed. Exxon has refused to let its credit card be used to buy gasohol. Texaco, by contrast, is expanding its network of gasohol pumps, from 600 to 1,100 this spring, and is studying a joint project with CPC International, the former Corn Products Refining Company, to make ethanol. The largest manufacturer of the additive, Archer Daniels Midland, has increased annual output at its Decatur, Ill., plant from 5 million to 55 million gal. in less than two years...