Word: gallons
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Dates: during 1980-1989
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...often fought over a profitable intersection and sometimes engulf an entire city. Never before, however, has the entire U.S. been involved. With gasoline consumption declining, the battle has proved to be exceedingly costly to oil companies and retailers alike. According to Analyst Dan Lundberg, the average price per gallon fell an astonishing 150 between July 1982 and last February, from about $1.30 to about $1.15. Lundberg says only a nickel of the drop is attributable to a decline in the price of crude. The other 10? came out of the oil companies' profits and cost them a total...
...federal and state gasoline tax hikes went into effect last Friday, raising the tax on a gallon of gasoline by a total of 6.1 cents...
...state bill, which effectively increased state gasoline taxes from 9.9 to 11 cents per gallon, was signed into law last week just after being approved by the legislature...
...federal tax increase of five cents per gallon, which also went into effect last Friday, was approved by President Reagan in January in order to fund & national highway renewal project...
...December of last year, President Reagan ran a five-cent-a-gallon increase in the gas tax through a lame duck Congress anxious to melt out of Washington for the Christmas holidays. The tax, which was signed into law on January 6, is designed both to raise more than $5 billion a year to rebuild the nation's crumbling highways and bridges, and to aid mass transportation. Coupled with the rise in the tax on fuel are increases in taxes on truck parts, truck road use, and truck sales. From the point of view of the American Trucking Association...