Word: retailers
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Dates: during 1970-1979
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Tempers will flare even more in the weeks ahead. Tight supplies have already forced nearly all oil companies to allocate deliveries to their retail outlets on a monthly basis, usually 90% or 95% of what the stations sold during the same month of 1978. Last week Texaco, Sun oil, Union and Exxon tightened their allocations still further, in the case of Exxon to 80% of the 1978 level. Thus, as summer progresses, drivers will find it increasingly difficult to buy gas toward the end of each month as service stations...
Coming on top of OPEC's cutbacks, the cartel's price increases have a snowball effect. With supplies tight, retail prices in the U.S. begin edging up to the maximum. Then, when OPEC raises its crude oil charges, the U.S. Government allows the price controlled ceiling itself to creep higher. As the demand for gasoline mounts, the retail price...
...gasoline and 10 gal. of home heating oil. Of the two, heating oil is less expensive to make, and the oil majors spend little on advertising and transporting it. They sell this oil at about 48? per gal., a 14? markup, to wholesalers. These middlemen then sell it to retail dealers. Partly because the wholesalers pay for storage and the dealers pay for advertising and home delivery, they collectively add 14? to the final retail price of about...
...Daily News, often favors TV personalities "who we print journalists think do a pretty lame job of news gathering." If Rosenfeld's paper headlines a local story 3 DIE IN FLAMING CRASH, the paper's spare recital of the facts is "seen as a coldhearted attempt to retail death," says Rosenfeld, while the TV viewer sees "the professionally saddened visage of the newscaster, a friendly, likable fellow, as a natural human response to tragedy...
...addition, Americans are using many sources of credit over which the Federal Reserve has little direct control. Sears, Roebuck and other retail chains are pushing instant credit, as are finance companies, credit unions and similar "near banks." Moreover, bank depositors can lay their hands on credit and cash around the clock by sticking plastic cards into street-corner automated teller machines. Says Finn Caspersen, chairman of Beneficial Corp., which charges up to 20% interest on personal loans: "The consumer is borrowing today's dollar to get today's goods and is paying back with tomorrow's inflated dollars...