Word: gal
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...measure had already been watered down before it was brought to the floor, but a key provision remained -raising the federal tax on gasoline, now 40 per gal., by 30 next year and by as much as an additional 200 if motorists were not being forced to conserve fuel. But the House voted down the potential 200 increase by a lopsided 345-72; then rejected, 209-187, even the 30 charge-leaving no additional gas tax whatever. Congressmen also rejected a tax on sales of gas-guzzling cars. They opted instead for a provision requiring the auto industry to improve...
...Administration's own figures. Yet the cost of the plan will be substantial. White House officials acknowledge that deregulation would eventually kick up the price of gasoline, residual oil used by heavy industry, diesel fuel burned by trucks and other petroleum products by 5? to 6? per gal. The increased tariff will add another 1½?. Democratic Senator Henry Jackson of Washington claims that the tariff hike alone will boost consumer prices by $2.5 billion a year. The measures are particularly punishing for New England, which imports and burns relatively more oil than any other region; they could...
Tightened Credit. High among Carli's priorities was clamping down on imports, particularly of oil and meat, thus limiting the flow of capital out of the country. To that end, the state-set price of gasoline was raised to $1.82 per gal. (from $1.14 in 1973), cutting consumption by 9%. New taxes pumped up beef prices 24%, to $3 per lb., but the desired end was achieved; the amount of meat eaten by Italians dropped 35%. By early this year, total imports had fallen 13.8% below a year earlier, while exports rose 29.2%-helped by a 20% devaluation...
...nation less vulnerable to another Arab oil boycott or price boost. As Chairman of the House Ways and Means Committee, he devoted day after day to hearings and markup sessions on a tough bill that would have raised the tax on gasoline to as much as 40? per gal. in stages by 1979, imposed a windfall-profits tax on the oil companies, put a tax on autos with poor mileage and set oil-import quotas...
...Ford's order of last week, 4% of the old oil would be freed from control each month; over two years or so its price would presumably shoot up to the world price of about $11 per bbl. Zarb estimates that decontrol would eventually add about 5? per gal. to the price of gasoline. The prices of heating oil, industrial fuel and all other petroleum products would be pushed up too. Senator Jackson figures that decontrol would ultimately add $250 a year to the energy bill of a typical U.S. family...