Word: gal
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...price increases. The cost of gasoline could go up more, they reasoned, because more than half of it is consumed in the pursuit of pleasure and not in the line of work. The Senate was considering a penny-a-gallon tax that would gradually increase to 100 per gal. as unemployment declined. The House task force was devising a gasoline tax that would be partly rebated at the end of the month for "necessary" driving, say up to 40 gal. a month. Both chambers were working on a system of tax incentives to encourage better mileage for automobiles. Wright suggested...
...hope of sustaining his veto, he moved toward a compromise, what he called "committing ourselves to a gasoline tilt." He was willing, he suggested, to let the price of gasoline rise higher than that of other oil products. While his original program would have entailed a 100-per-gal. boost on all oil products, he would now permit gasoline to absorb most of the price increase. He was also considering a rebate to farmers whose energy bills would soar under his program...
...this point in the basketball season, the teams of the Pacific8 conference are accustomed to watching U.C.L.A. move toward another first-place finish. The last time a John Wooden squad failed to win the conference championship, Lyndon Baines Johnson was President and gasoline cost 31.90 per gal. The team's eight-year reign may finally be dribbling to an end. In a season of surprises on the West Coast, all but two of the conference's eight teams are in a scramble for the top spot...
...arguments against rationing, of course, are not necessarily arguments for President Ford's flawed program to raise tariffs and taxes. By greatly increasing the price of all oil products (gasoline and fuel oil would go up about 10? per gal.), it would add at least two percentage points to the cost of living index. Furthermore, U.S. producers of petro chemicals, synthetic textiles and other products that derive from oil would be at a great disadvantage in world markets because their foreign competitors would be using cheaper oil. Grave questions exist over whether enough energy would be saved to justify...
There are alternatives. One that is appealing- because it attacks the main source of energy waste- is a big increase in the federal tax on gas at the pump, on the order of 20? per gal. or more. President Ford opposes a tax increase, and Congress has little enthusiasm for it. Another alternative is receiving increasingly serious attention in Washington: phased-in reductions in oil imports coupled with mandatory conservation measures and an allocation system that would spread the impact of reduced supplies. This in effect is a form of rationing without coupons...