ABC Evening News for Friday, Mar 02, 1979
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(Studio) Promise of United States and 19 other cntrys., in Paris meeting, to reduce consumption of oil and Energy Department's new ruling with regard to gasoline prices reported
REPORTER: Frank Reynolds
(DC) Prediction of gasoline price increase given. Energy Department ruling allowing oil refineries to increase prices noted; details given with regard to effect of refining unleaded gasoline on prices. OPEC (Organization of Petroleum Exporting Countries) price increases and Iranian oil cutoff mentioned. Reduction of oil consumption in United States discussed. Possibility of mandatory conservation noted if vol. moves not effective.
REPORTER: Roger Peterson
(Studio) Some rationing of oil supplies to dealers due to Iranian situation noted. Ashland Oil Company noted as 1st American company to resume buying Iranian oil; prices quoted.
REPORTER: Max Robinson
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