Word: gal
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...some members had urged earlier. Now it appears that the actual increase will be smaller still. Experts at the Petroleum Industry Research Foundation reckon the weighted average of price boosts by all OPEC members so far at less than 9%-equal to a rise of about a penny per gal. in the U.S. price of gasoline. Assistant Treasury Secretary Gerald Parsky estimates an even lower increase...
...with her plan. She arrived in Danville about 11 a.m. to purchase a chrome-plated .38 Smith & Wesson revolver from Fernwood for $145. She paid by check. He found her "in good spirits," although she claimed she was in a rush. "I had no way of suspecting that this gal was going to go out and commit the completely crazy act that she did," he insisted later. "Can you imagine it? A John Birch officer selling guns to radical kooks." Moore also picked up some cartridges, although she seemed concerned when he had only target loads of lesser charge available...
...increase, which took effect Oct. 1, follows a nine-month price freeze imposed by the cartel last December. World prices had been pegged to the $10.46 that Saudi Arabia charged for a 42-gal. barrel loaded at the Persian Gulf port of Ras Tanura. In the U.S., which imports about a third of its oil, the increase when averaged in with prices of domestic oil will add less than 10 per gal. to the price of gasoline, heating oil and other products. Most other nations import a greater percentage of their crude and will feel the increase more, especially those...
...independents, which do much of the exploratory drilling in the U.S. Bentsen has also called for the creation of a federal bank to guarantee loans to private industry for the development of alternative energy sources. To conserve energy, he has proposed a gasoline tax that starts at 5? per gal. and reaches 30? after five years...
...consumers, perhaps the most visible sign of inflation during the next few months will be gasoline prices. Although the Administration is sticking by its earlier prediction that decontrol of oil prices would trigger only about a 3?-per-gal. rise, some other estimates keep coming in higher. Representative John D. Dingell, chairman of the Interstate and Foreign Commerce Committee's Energy and Power Subcommittee, calculates that gasoline prices could skyrocket to 90? per gal. Most experts doubt that the petroleum retailers will boost prices anywhere near that much, since the summer driving season will soon be over and demand...