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Oil Decontrol / Price Rise #39053

ABC Evening News for Friday, Aug 29, 1975
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(Studio) Democratic leaders try to convince President Ford to extend domestic oil price controls a while longer.
REPORTER: Harry Reasoner

(DC) Senator Mike Mansfield and Representative Carl Albert offer plan to ease controls off in 39 mos. or more. [MANSFIELD - says Montana message was don't let prices go up.] Ford to hold off veto of 6-mo. extension until Democrat caucus held. Doubted Mansfield can deliver compromise.
REPORTER: Ann Compton

(Studio) Price controls ending will mean higher prices.
REPORTER: Harry Reasoner

(New York) Oil companies say decontrol to raise gasoline prices 3 cents gallon Ind. experts say 5 cents gallon Heating oil prices to rise 3-4 cents gallon [Union Carbide division president J. B. REID - says prices to rise.] Home construction products made of plastic to rise in price, possibly by 20%. 250 plastic parts in cars. Other auto products petroleum based. Synthetic fabrics, detergents and sporting goods prices to rise also.
REPORTER: Bettina Gregory

Reporter(s):
Compton, Ann;
Gregory, Bettina;
Reasoner, Harry
Duration:
00:03:50

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