Word: gals
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Dates: during 1970-1979
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...major improvement in corporate cash flow through higher prices and profits, as well as vastly more liberal depreciation measures. Growth can also result from major changes in consumption patterns to reduce our intake of imported raw materials and energy. This necessitates drastic action-for example, a $1-per-gal. gasoline...
...asked automakers to improve average auto-gasoline mileage by 40%, to 20 miles per gal., within four years-a goal so high it caught even FEA officials by surprise. If Detroit balks, says one Administration official, "we'll seek legislation...
...major policy dispute focused on whether to call for a new gasoline tax, instead of an income tax surcharge, to make up revenue lost in the relief moves. The gas tax has been promoted by Simon and Federal Energy Administration Chief John Sawhill. An added tax of 100 per gal. could have raised about $10 billion a year, and much of this money would have been returned to low-income people through income tax rebates, which they would have collected after submitting their tax forms next year...
DRIVING. A 100 per gal. gasoline surtax could save as much as 450,000 bbl. of oil a day. A 300 charge could conserve 750,000 bbl. a day. The FEA bases these estimates on recent experiences of how much gasoline demand went down as prices went...
...from daily usage. Given the political will, the nation could make even more enormous savings in ensuing years. The ripest area for cutbacks is in transportation, which uses 60% of all oil consumed by the U.S. The FEA has worked out a comprehensive program of a 300 per gal. gasoline surtax, mandatory fuel efficiency standards for new cars, high excise taxes on low-efficiency autos, and additional spending and operating subsidies for mass transit. Anticipated extra savings: 1.7 million bbl. a day by 1980, rising to 2.3 million...