Word: yorke
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Dates: during 1970-1979
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...major element in the public anger was the fact that many gas stations have taken to closing on weekends, and for much of the week as well. These unscheduled and unpredictable closings (involving as many as 90% of stations in the New York City area) added considerably to drivers' anxiety about getting gas, and therefore to the wasteful practice of tank-topping-buying a few gallons to get a full tank. They also added to drivers' suspicion that the industry was manipulating them, their cars and their pocketbooks...
Many gas stations, however, simply ignore the legal prices. The DOE guesses that about half the gas now sold is above the official ceiling. Prices have ranged from the official rates of around $1 to as high as $1.70 per gal. at a few stations in New York City and Boston. Some station owners have justified these rates by saying that they had to pay more than $1.25 to wholesalers, but most were charging what the market would bear-i.e., a black market. The major oil companies are not involved in the black market. "We have too many auditors...
...driver in New York City has to wait in line for hours to buy a few gallons of gas, why is there plenty available for a driver in, say, What Cheer, Iowa? The answer lies in some complicated federal regulations that were originally designed, oddly enough, to prevent such inequities...
Because nearly 40% of all oil used in the nation goes for gasoline, the first and most important step is to brake gasoline demand. Rationing would seem to be the politically expedient method. A New York Times-CBS News poll in early June found that three out of five Americans would prefer rationing to shortages and skyrocketing prices. Yet any form of rationing would tend to be inequitable and a bureaucratic nightmare. Even during World War II, when the U.S. was united as never before or since, gasoline rationing was marked by corruption, favoritism and loopholes. Today, rationing would...
...Burton has gone his way and Taylor is married to John Warner, the apricot-size gem has, for Burton at least, become love's labor's cost. Taylor, taking advantage of changing markets as well as men, quietly sold the stone for nearly $3 million to New York City Jeweler Henry Lambert. Two bidders, neither of them American, are dealing with Lambert for the clear white, 58-facet stone. Both want the diamond as an investment; for them, unlike Burton, love is never having to say you were starry...