Word: adds
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Dates: during 1970-1979
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...many ways the biggest victim of the cartel will be the largest importer of petroleum, the U.S. OPEC'S increases are expected to add perhaps 100 or more per gal. to gasoline prices by year's end, lifting a typical family's automotive fuel bill by $250. According to one estimate, food prices will go up by some $70 per family, since energy is used intensively throughout the food chain, from farm to supermarket. Anyone unfortunate enough to heat his home with oil is likely to find that the cost of keeping warm in the Northeast this...
When crude petroleum enters a refinery, the buyer records its price. To that figure the refiner is allowed to add a margin varying in size to cover processing costs and profit. Until this year, the price of a refiner's product was based on how large a percentage of a barrel of crude it represented. That was considered unfair in the case of gasoline, which costs more to produce than most other oil products. So the refiner was allowed to increase his margin on gasoline by an average...
...price competition among gas stations vying for customers. When supplies diminished, service stations raised the price to the legal maximum limit-an increase that outstripped the OPEC price rise. Beyond that, retailers who sold below the maximum price were allowed to "bank" the difference; now they can legally add that amount to the price they charge for gas. Such are the vagaries of regulation...
...become a commonplace that America has scarcely begun to conserve. Small, voluntary steps can add up to major savings. A driver can save about 5% of the gas he normally uses by keeping his tires properly inflated and another 10% by keeping his engine in tune. A householder can save 15% on his heating bill, and 7.5% on his air-conditioning bill, simply by keeping his storm windows on all year...
...abortion is a bruising business. Last week a more stringent version of the Hyde amendment easily passed the House. It would ban federal funds for all abortions except cases in which a woman's life is in danger. As in past years, the Senate is expected to add exceptions for cases of rape, incest or potentially severe damage to the mother's physical health and then pass the legislation handily...