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...average owner, who is 39 and male, the appeal of the ultralights is not entirely poetic. A typical flyabout, weighing around 180 Ibs. and powered by a 25-h.p. snowmobile or chainsaw engine, will cruise for two hours on a 3½-gal. supply of regular gas. The Eagle ultralight gets 30 m.p.g. Some estimates put an ultralight's cost of operation at $2 an hour, vs. $10 for a conventional private plane. Under normal conditions, it is easy to fly, no pilot's license is required, and the aircraft does not have to be certified or inspected...
Although tiny Kuwait is one of the nations that have driven up world petroleum prices since 1973, its own citizens have been paying bargain prices for their fuel. Drivers of the country's 500,000 cars could fill their tanks with 90-octane gasoline for 19? per gal., while diesel fuel sold for 7.5?. The state-owned Kuwait National Petroleum Co. sold the products for less than their cost. Last week, however, Kuwait's motorists awoke to find gasoline prices had nearly tripled, to 53? per gal. for the 90-octane blend. Diesel fuel now costs...
...world oil prices. Kuwait's revenues will drop by about $5 billion this year. The government hopes to offset that by charging domestic energy users more at the pump. Of course, Western drivers would be glad to get back to the days when they paid only 53? per gal...
With the increased use of cash come problems. Last week Atlantic Richfield Co. stopped accepting credit cards, claiming that the resulting lower overhead costs would permit it to drop the price of gasoline by about 30 per gal. ARCO, though, is so fearful of gasoline stickups that it is installing safes in most of its stations...
...avoid tampering with Reagan's tax cut, Administration officials agreed to consider alternative ways to raise new revenues. Among them: a $5 per-bbl, oil import fee, a 5? per-gal. gasoline tax, a hike in excise taxes on cigarettes and liquor, a 4% tax surcharge on individuals with incomes above $40,000, and curbs on the new, much criticized provision that allows businesses with more tax deductions than they need to sell them to companies facing big tax bills. These steps could raise $30 billion in new revenues. The Administration bargainers also indicated that the President...