Word: premiums
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...Lloyd's of London insures the U.S. vice presidency against sporting gaffes, the premium must have risen last week. Vice President Jerry Ford stepped up to the first tee at a celebrity golf tournament in suburban Minneapolis and sliced his ball 150 yds. into the rough. It hit a tree, then ricocheted off the left side of the head of Spectator Tom Gerard, 17. Pronounced fit, Gerard, a high school senior, became the fifth survivor of inadvertent vice-presidential assault in recent years. Spiro Agnew beaned three spectators on the links and stunned Golf Pro Doug Sanders...
Along with such conventional labels as regular and premium, a third sign is popping up at U.S. gasoline stations: unleaded. Until recently, unleaded gas has been available only in small amounts. By order of the Environmental Protection Agency, however, it must be offered after July 1 by all stations pumping 200,000 or more gallons annually-about half of the 220,000 gas stations in the nation. The unleaded era will be one of added expense for many drivers, and it is opening amid considerable controversy...
...fuel will cost drivers 2? or 3? per gal. more than leaded regular gas, and General Motors executives, in a rare difference of opinion with the oil industry, have questioned whether the price premium is necessary (oil chiefs say that refining costs make it so). The American Automobile Association, traditionally supersensitive to anything that could inconvenience motorists, worries that owners of 1975 cars in many rural areas will have to drive long distances before coming across a station big enough to be selling unleaded gas. AAA officials also fear that many stations that do carry the new fuel will...
...pinch, any stations that cannot get the small nozzles can pump the new fuel through standard nozzles and a funnel into 1975 cars. That leaves one further problem: Many gas stations that have only two pumps will not add a third to dispense unleaded, but will drop premium gas in favor of the new fuel. So drivers of some high-powered older cars built to run on premium gas may have to look around a bit to find the high-octane fuel...
Sailing coach Mike Horn said the light air conditions made the adjustment to unfamiliar boats and unfamiliar waters more difficult, because sailing in fluky winds places a premium on knowing where to find wind and less emphasis on the crews' boathandling abilities...