[Editorial] Twisting refiners’ arms
Apr 7, 2011
In January, President Lee Myung-bak said there was something fishy about domestic gasoline prices. When international crude prices soared, he said, domestic prices of gasoline seemed to go up correspondingly without delay, but when crude oil costs dropped, retail gasoline prices appeared to fall slowly and by a smaller margin.The president’s comment was a signal that the government would step up p