Word: crunchings
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...industries have been so immediately and painfully dented by the oil crunch as U.S. automaking. Mainly because of scarce gas and exploding prices, car sales have skidded from an annual rate of about 12 million units in March to roughly 10 million today, a drop of 26% from last year's record mid-June pace. A main contributor to the slump is buyers' snubbing of luxury and even standard models, while the demand for fuel-thrifty small cars is far outstripping Detroit's ability to produce them. Buyers are increasingly turning to Toyotas, Volkswagens and other economically...
Margaret Streeter '79, a former figure ice skater, said yesterday that she thinks the rollerskating fad is great, although she is concerned about the danger from falling on rough pavement or dodging speeding cars. But she added that because of the energy crunch skating is a great idea: "Instead of getting in your car just put on your skates and roll to the store...
Besides reporting the gas crunch and truckers' revolt, TIME correspondents, like other citizens, also had to find ways to live with those crises. Levinson says he had to wait three weeks for his building's management to find a parking space for his personal solution to the gas crunch, a bicycle. Beaty got so tired of feeding his gas-guzzling (10 m.p.g.) truck, he now plans to "leave it forever" at his ranch in New Mexico. Then there is the plight of Atlanta Bureau Chief Joe Boyce, who was recently transferred from San Francisco. Recounts Boyce: "The moving...
Worried officials in all states where a gas crunch had started or seemed imminent could look hopefully westward last week to the state where the crisis had first appeared. In California, those long lines of May had disappeared. Instead, now that school is out, Los Angeles teen-agers have resumed their Wednesday night ritual of cruising; some 8,000 of them were packed bumper to bumper along Van Nuys Boulevard, drinking, chattering and flirting. The lines that occasionally appeared at gas stations were usually started by customers shopping for the best bargains. The tank topping had stopped...
...dramatize the gas crunch, the Digger agreed to be buried at Mack's Mobile Homes lot on Highway 280 in Phenix City, Ala. "I'm not coming up till gas prices come down," said Digger. Then, wearing a T shirt and pajama bottoms, he climbed into his temporary coffin (6 ft. long and 32 in. wide and high, with a septic tank below and a viewing periscope above that doubled as a dumbwaiter for Digger's food). He was covered by 6 ft. of earth and 4 in. of concrete. Two telephones, a radio and a television...