The Emergency Weekend Sales Restrictions Plan has been designed to conserve gasoline and diesel fuel normally used for social and recreational purposes. The plan would authorize the Secretary of Energy to impose restrictions on the retail sale of motor fuels during weekend hours, defined as Friday noon to Sunday midnight. Only certain types of commercial vehicles and emergency vehicles could purchase fuel during these hours. The implementation of the measure is examined relative to a baseline economy characterized by a 15% petroleum shortfall. It is estimated that the measure would save 246,000 barrels per day of motor fuels, principally gasoline. Because the saved fuel can be made available to other sectors of the economy that are less petroleum intensive, it is projected that GNP would rise by approximately $7 billion as a result of the measure. The impact of the measure would vary sharply from one sector of the economy to another, however, with some industries experiencing losses in revenue. The cost of imposing the measure is preliminarily estimated at $5.2 million for nine months. (ERA citation 04:030424)


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    Title :

    Standby Conservation Plan No. 1: Emergency Weekend Gasoline Sales Restrictions. Economic Analysis


    Publication date :

    1979


    Size :

    69 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English





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