Word: gals
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Dates: during 1970-1979
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...price approach, notes Senator Lee Metcalf of Montana, would be greater on the poor than on the well-to-do. Under rationing, Metcalf is persuaded, "everyone would make a sacrifice at every level." With the conservation goals contemplated today, all motorists would get coupons entitling them to 9 gal. per week...
...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...
...result: the average price of gasoline, heating oil and other petroleum products would rise by about 100 per gal. Oil companies would reap huge additional gross profits, but Ford proposes to snatch them away by imposing a "windfall-profits tax," that, combined with regular taxes, would pull in $12 billion this year...
...decontrol measures are enacted as they are now proposed, the average price of crude oil in the U.S. will take a substantial leap from $9 per bbl. to $13. The Federal Energy Administration estimates that the average price of heating oil would rise from the present 38? per gal. to a maximum of 48?, and a gallon of gasoline could race up from its present price of 52? to as high...
Democrats: Either outright gasoline rationing or a gasoline tax increase of up to 100 per gal. or mandatory allocation of oil and other sources of energy-or some combination of those options. Also, fatter excise taxes on big cars...