Word: gal
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...more. Prompted by recession, they cut back on usage so sharply that the world is now awash in surplus oil, and prices are coming down. When lines form at gasoline stations these days, it is not because of shortages but because prices have dropped-below $1 per gal. in Texas...
Proposals fall into two main categories: boosting the federal excise tax on retail gasoline sales, now at 4? per gal., and enacting an import surcharge on foreign oil. Increasing retail gasoline prices would surely help to hold down consumption of automotive fuel, but since gasoline is an important component in the Consumer Price Index, the tax would also translate directly into more inflation. Worse, the levy would do little to boost production of domestic crude oil and have no effect at all on discouraging foreign imports...
First to broach the surcharge idea was David Stockman, Director of the Office of Management and Budget, who last December proposed a $2-per-bbl. import surcharge. Though the President rejected the idea, such a tax would add about 5? per gal. to the retail price of gasoline, which has fallen by as much as 200 in some places anyway...
...virtual stampede of U.S. consumers, who are swarming south from San Diego to cash in on lower prices resulting from a U.S. dollar that suddenly buys nearly twice as much in Mexico as it did a month ago. Bargains include unleaded gasoline, which now sells for 87? per gal., vs. $1.50 in early February, and white rice, which goes for a mere 30? per Ib. By contrast, business in many big shopping centers on the U.S. side of the border has all but collapsed...
...close, the scene is not so idyllic: the San Andreas splits the winery building like a conveyor belt. On the North American plate, employees are playing basketball. Across the road, on the Pacific plate, there is a seminar for salesmen in a conference center. Half of the 5,330-gal. oaken tanks of stored wine are on the American plate, while the rest are sliding by, ever so slowly, on the Pacific plate; if they maintained present course and speed, they would arrive in San Francisco in a few millenniums. The gray, wooden posts serving as door jambs have moved...