Gasoline price high due inadequate oil output: Bush

Tue Apr 29, 2008 11:59am EDT
 
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WASHINGTON (Reuters) - President George W. Bush said on Tuesday that U.S. gasoline prices are at record levels because global oil production is not keeping pace with demand.

"One of the main reasons for high gas prices is global oil production is not keeping up with growing demand," Bush said at a news conference.

(Reporting by Tom Doggett)

 
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