Word: gal
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...test in the U.S. last week when the United Nations agreed to let Iraq resume selling oil for the first time since its 1990 invasion of Kuwait. But oil prices promptly surged in futures trading, dashing hopes for quick relief from gasoline prices that have climbed nearly 20' per gal. in the U.S. since February...
...hard currency for food and medicine amount to more than a 1% boost in worldwide oil production. Nonetheless, experts say Iraqi oil should help lower U.S. pump prices by midsummer. Daniel Yergin, president of Cambridge Energy Research Associates, estimates that gas prices could fall as much as 10' per gal. before the end of the driving season...
...using the figure of $27 because that's an economist's estimate of how much the "average driver" would save on gasoline every year if he no longer had to pay the 4.3 cents-per-gal. tax hike. It's a figure based on the assumption that the oil companies, long known for their exquisite sense of fair play, will pass the full saving on to consumers...
...truth is that every tank of gas today contains fresh proof of the "consume now" ethic that pervades our culture. In 1991 Germans enacted with little fanfare a 60 cent gas tax to help rebuild the East. In 1993 Americans found 4 cents on top of $1.20-per-gal. gas almost too much to bear, even while we bequeath our children dirtier air, the continued risk of war over oil and a trillion dollars in fresh debt every four years. Now Dole's trying to get that nickel back for us. He ought to know better...
...rest of the world, our price complaint must look a little silly. Even at an average $1.30 per gal., gas prices are as low today in real terms as they were in 1950--and nearly 40% lower than after the last embargo's price peak in 1981. Thanks to these bargains, Americans slurp as much oil as ever. In France, Germany and Japan, meanwhile, a gallon of gas costs more than $4. Taxes there account for 50% to 80% of the pump price. Here, by contrast, federal and state taxes together average 38 cents per gal., less than...