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Those irrepressible regulators at the Department of Energy were caught last week with red tape all over their faces. Firing off a fusillade of contradictory rulings over the past two weeks, they first ordered Standard Oil of Ohio (Sohio) to raise its gasoline prices immediately by 100 per gal., then reversed themselves and ordered the increase rescinded, and finally proposed that Sohio add the extra 100 per gal. by early July...

Author: /time Magazine | Title: Business: Why-o, Why-o Sohio? | 5/19/1980 | See Source »

...past few months Sohio has been selling gasoline at its 2,500 stations, including Boron and BP outlets in twelve states, for about 100 per gal. less than the going rate at competing stations. Sohio, the nation's 13th largest oil company, was able to keep its price down because it was one of the companies involved in the discovery of Alaska's North

Author: /time Magazine | Title: Business: Why-o, Why-o Sohio? | 5/19/1980 | See Source »

...Some 30 people were injured, and the blaze that followed burned for more than ten hours before exhausted firemen were able to bring it under control. "I thought it was the end of the world," said Ralph Spinelli of Staten Island, who stood on his porch and watched 55-gal. drums fly into the air and burst like bombs. "I think it's a miracle that no one was killed...

Author: /time Magazine | Title: Environment: Explosion of a Toxic Time Bomb | 5/5/1980 | See Source »

...into the treasury's coffers as high-grade crude comes fully onstream. Alas for the ordinary Briton, new excise taxes raised the price of his beloved beer (to 95? a pint from 91?) as well as those of wine, whisky, cigarettes, automobiles and gasoline, which costs $2.42 per gal., up from...

Author: /time Magazine | Title: BRITAIN: Mean Budget | 4/7/1980 | See Source »

...national polls because of the crises in Iran and Afghanistan, is now plagued by declining job ratings. The odds are that by fall, Carter will be trying to defend his management of an economy with double-digit inflation and rising unemployment, gasoline prices of upwards of $2 per gal. and a reduced budget that offends many of the traditional Democratic-constituencies. New York Opinion Researcher Daniel Yankelovich sums it up: "The biggest thing Reagan has going for him is Carter...

Author: /time Magazine | Title: Nation: But Can Reagan Be Elected? | 3/31/1980 | See Source »

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