ENERGY: Shaping a Price Plan

While the debate over antirecession policy will continue, the Administration has all but decided on its basic approach to a closely related problem: reducing the U.S.'s dependence on costly imported oil. At Vail, Colo., President Ford and his advisers just about buried two widely discussed options. Though many of the advisers favor an increase in gasoline taxes because of its simplicity, none have been able to sell it to Ford, who is apparently opposed to measures that would affect a huge group of consumers—in this case, motorists. Partly for that reason, Ford has also ruled out World War II-style gas...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!