On this date the Asphalt Association was formed at the Union League Club in NYC with eleven founding members:
- U.S. Asphalt Refining Company
- Warner-Quinlan Company
- Freeport Mexican Fuel Oil Corporation
- Atlantic Refining Company
- Standard Oil Company of New York
- Prudential Oil Corporation
- Standard Oil Company of New Jersey
- Imperial Oil Company
- Standard Oil Company of Louisiana
- Sun Oil Company
- Island Oil and Transport Corporation
