Business: Lines at the Pumps Again?

A threat of fuel curbs and Sunday closings in April if...

A bumpy stretch of gasoline shortages and substantially higher prices may well be lurking just around the bend for American motorists. That was the message coming from Washington and the nation's oil industry last week. The threat of scarcities is being raised by the political upheaval in Iran, which has virtually shut down that country's vast oilfields and is reducing supplies worldwide. Last week Energy Secretary James Schlesinger warned that unless Iran's wells are pumping again by April 1—which is unlikely, given the...

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!