He also helped in the development of distribution pipe lines for refined gasoline, which reduced retail gasoline costs.
Its recoverable reserves are estimated at 300 million barrels, with the potential daily output of 90,000 barrels - enough to provide enough refined gasoline to fuel two million cars a day.
These burst into flames in precisely the same way as those in Valdez, burning fiercely without the massive explosion that accompanies the ignition of refined gasoline or fuel oil.
Every one of them was laden with refined gasoline, which Los Angeles needed a lot more than it needed Oklahoma sweet crude.
The fire took more than five hours to bring under control, and by late this afternoon, the pipeline, which carries refined gasoline from Southern California to Las Vegas, Nev., was turned off.
Also, most of Amerada's refined gasoline was sold in the wholesale market, where prices rose more rapidly than in the retail market.
As a result, the United States now imports about 10 percent of its refined gasoline, mainly from Europe and South America.
The stream of refined gasoline was gaining speed.
The inside of the store was still silent, the rich smell of refined gasoline filling the nostrils.
The wholesale price of refined gasoline, before state and Federal taxes, can vary significantly from region to region, which most analysts say is the result of differing transportation costs and competitive environments.