Word: boosting
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Dates: during 1970-1979
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...chief inflation fighter, commenting on the latest U.S. figures. They showed prices leaping up 1.1% for May, or at an annual rate of 13.4% in the first five months of this year. The increase was led, unsurprisingly, by gasoline, which rocketed up at a 55% pace. The new OPEC boost may doom Administration efforts to wrestle the figure down below the double-digit range this year. Directly it will kick the prices of gasoline, heating oil, diesel fuel and the myriad products made from petrochemicals yet higher; indirectly it will nudge up many other prices?apartment rents and foods...
...refiner is paid by the wholesaler, who adds a margin averaging 4?. The retailer is then allowed the same margin he got in 1973, plus a 3? inflation increase, a pass-through allowance for higher rental costs and a further price boost for antipollution requirements. All that adds up to about a dime...
...truckers made several demands of the Carter Administration. First they wanted an increase in freight rates. The Interstate Commerce Commission permitted a 6% rate hike, but that was not enough, the truckers complained, to cover the boost in fuel costs since the beginning of the year. The independents insisted on an increase in their share of the diesel fuel that is allocated by the Department of Energy. The Government responded by lifting the regulation that allowed farmers to get all the diesel oil they needed. The Administration hopes that the change will allow the truckers to get more fuel without...
...mileage competition shows that there is enormous room for improvement in auto efficiency. Last week, the Transportation Department rejected a petition by U.S. automakers for a reduction in federal mileage standards. This means that carmakers must boost average mileage of this year's 19-m.p.g. minimum to 26 m.p.g. in 1983, on the way toward 27.5 m.p.g...
...trading partner is having its share of economic problems. Its new Conservative Prime Minister, Joe Clark, is committed to cutting inflation from its present annual rate of 11.7% to 5% and joblessness from 7.9% to 5.5% by 1985. Clark has vowed to use tax cuts and other incentives to boost Can ada's growth from its present level...