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There was not much to the gasoline story that qualified it for a lead item on ABC and NBC: the national average price of a gallon is now over $2.50. CBS' John Blackstone already filed his report on high California prices last Friday. NBC's Tom Costello recited a list of high-priced localities for substitute anchor Campbell Brown and added that many Gulf Coast refineries have still not recovered from Hurricane Katrina. On ABC, Dean Reynolds explained that the refinery switch from winter to summer grades of gasoline always causes shortages at this time of year.
The day's interesting oil story was filed by ABC's John Cochran (subscription required). Houston-based Halliburton, "the biggest private contractor in Iraq" will move its corporate headquarters from Texas to Dubai in the Persian Gulf. Cochran shot down speculation that Halliburton, which receives $10.5bn in government contracts of which $2.7bn may have been overbilled, planned to avoid paying federal taxes. On paper, the company would still be US-registered.
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