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...When gas was selling at $1 a gal. two summers ago, we didn't make Strom Thurmond pretend to hear people testify about that. We were happy, running through gasoline-spewing sprinklers and drinking gasoline wine in a gasoline haze. And like the ant in the fable about the ant and the bug that wasn't an ant, we should have been saving. As I learned the hard way, though, saving hundreds of gallons of gas in those little red plastic containers in your parents' garage isn't the safest way to launch your investing career...

Author: /time Magazine | Title: Relief From Painful Gas | 6/4/2001 | See Source »

...like a crazed dentist. If that doesn't do the trick, let's blast for coal and rebuild Three Mile Island. These are people from out West, where there's land, lots of land under sunny skies above, and no one will be fenced in by $3-a-gal. gas. You may recognize the type. They're in charge...

Author: /time Magazine | Title: Waste Not, Want Not--Not! | 5/21/2001 | See Source »

...Schupp is looking on the bright side. With gas at the pump now topping $2 a gal. in his neighborhood and seemingly headed higher, he figures it's payback for all those insufferable, phony-rich, new-economy yuppies in their view-blocking, death-dealing, friend-of-OPEC SUVs. "Gas will probably go to $3, and I applaud it," says the retired computer-company executive as he fills the tank of his light pickup truck at a station in Los Angeles. "I'd like to see all gas guzzlers off the road...

Author: /time Magazine | Title: Power Struggle | 5/21/2001 | See Source »

...just in gasoline but in heating oil, natural gas and electricity--are a state of mind across the land, and most folks aren't appeased by Schupp's silver-lining view. Gasoline at the self-serve pump, for example, sells at a national average of more than $1.70 a gal.--up 5% in the past two weeks. That's an all-time high, although when adjusted for inflation the price is still lower than 1981's by about $1. But it follows a winter in which many homeowners saw heating costs soar more than...

Author: /time Magazine | Title: Power Struggle | 5/21/2001 | See Source »

Secretary of Energy Spencer Abraham acknowledges that the new policy won't do much now, but he insists that those short-term issues will be addressed "on a separate track." His department is investigating reports that gas-station owners have been told to expect $3-a-gal. prices this summer. Those rumors, Abraham suggests, might be evidence of price gouging. "Rumors become self-fulfilling prophecies," he says...

Author: /time Magazine | Title: Power Struggle | 5/21/2001 | See Source »

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