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Emergency Gasoline Allocation / New Jersey Fuel Supply #232970

CBS Evening News for Tuesday, Feb 19, 1974
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(Studio) Energy chief William Simon announces plan to ease gasoline shortages in hard-hit states.
REPORTER: Walter Cronkite

(DC) Federal Energy Office orders emergency allocation for 18 states. [SIMON - says states to receive gasoline through govs. Gasoline to be taken from oil company reserves, not other states.] Questioned about coupon rationing. [SIMON - believes new allocation program to ward off need for coupon rationing.]
REPORTER: Nelson Benton

(Studio) Local reaction to new allocation plan unenthusiastic. New Jersey designated among states to receive emergency allocation.
REPORTER: Walter Cronkite

(Newark, New Jersey) 2 state senators have almost finalized plans to buy enormous amts. of gasoline for state. [State Senator Frank DODD - explains how gasoline discovered.] [Oil broker Ernest SALDUTTI - says gasoline stored throughout cntry.; some gasoline foreign refined; exact cntrys. involved can't be divulged.] Brokers report plenty of gas available outside fed. allocation system, but price high.
REPORTER: Sharron Lovejoy

Benton, Nelson;
Cronkite, Walter;
Lovejoy, Sharron

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