Energy: Inching Closer to $1 Gasoline

Anything seems possible as prices continue to soar

Gasoline might hit a dollar a gallon in the next three or four years, Energy Secretary James Schlesinger predicted last month. For once he was being optimistic. Even before any of the newly inflated Arab oil has landed on U.S. shores, gasoline prices in some parts of the country are already reaching for the one-dollar mark.

Prices of 73.5¢ per gal. for unleaded were common in Miami last week, as were 77.9¢ per gal. in Atlanta and 78.9¢ per gal. in Jackson, Miss. Dealers in New Jersey were asking 71.9¢ per gal. for unleaded, and...

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