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I started to drive in the 70's gas was $0.57 diesel was $0.42 a gal.
Only in the big cities and on the west coast were they lining up for gas. In the upper Midwest on an occasion you would see a station with a out of gas sign in the window.
but, the price of fuel didn't seam to jump up and down like it does now.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by slackjaw
I'd be curious how much gas prices went up in the 70s. ...
IIRC, it maxed at about a 3x increase (to ~$2/gal) Leveled off at 2x ($1.25) been rising from there in last 35 yrs.
Too bad we (USA) didn't act on that, can you imagine, not having a comprehensive energy policy when our economy is so dependent on such?
Goes to show NO-ONE is minding the store
(Don't be too surprised to find out this turmoil is both at an opportune time, (national weakness in leadership - MANY places, including USA) and for some opportune rhetoric (I can hear it now "America needs and Energy Policy", duh...). We had another warning loud and clear in 2008 that we are in a GLOBAL energy market, and China and India like fossil fuels too! (And Libya will be torching their production facilities to fuel the fire) Ugly.
50 mpg since 1976, (No OPEC or Fossil Fuels required) Where have you been ?
(Check your neighbor's brier patch to fetch your own $35 VW diesel Rabbit)
I started to drive in the 70's gas was $0.57 diesel was $0.42 a gal.
Only in the big cities and on the west coast were they lining up for gas. In the upper Midwest on an occasion you would see a station with a out of gas sign in the window.
but, the price of fuel didn't seam to jump up and down like it does now.
We lined up for gas in New England, it caused a bit of a panic. Some stocked up. I was in a city, didn't have a car, didn't care then.
Our government has assured $5.00/gal gas... The currancy has been devalued, oil production curtailed, and fuel regulations increased. Five bucks is actually a good deal in this environment and eight is in sight.
great for my oil stocks. Hopefully they up the dividend and start buying up their own stock.
Putz.......you can't eat oil stocks. I guess we should all become shareholders right? LMAO! You might be sarcastic but unfortunately your short sighted me attitude is killing the American economy. The entire stock market needs to be destroyed, dismantled, and completely redesigned.
I'd be curious how much gas prices went up in the 70s. I know there was a gas crisis with people lining up, I was too young to really notice.
I was living in Canada at the time, and up there we just kinda laughed at the whole thing. From the Canadian sidelines it seemed like a humongous cosmic joke.
Last edited by CosmicWizard; 02-24-2011 at 11:10 AM..
Well, during 1973, I was living in metro Denver. For a long time that year, it was impossible to buy gasoline after 10 AM. You would line up a 5 AM and wait for the station to open. There was a $3.00 to $4.00 limit on what you could buy--that was about 6 gallons or so. Considering that many of the cars then were lucky to get 15 mpg, that wouldn't get you very far. That whole summer, I never got more than about 30 miles out of town. By fall, the shortage started to wane, and things started to get back to normal.
1979 was not much fun, either, but out and out shortages were not prevalent where I was living, but fuel prices more than doubled within a couple of months.
Now, consider what doubling of fuel prices now would be today--$6/gal. or more would be the result in most places. And all of that turmoil and fuel price inflation in the 1970's was caused by supply shortfalls of only 5-10%. Imagine what a 20-30% shortfall would do, and a shortfall of that magnitude is certainly possible if things totally destabilize in the Middle East. Americans still don't understand or want to understand just how close to the edge of an economic and social cliff we are standing at. I think we're about to find out--the really, really hard way.
Here's $20, I'd like an arm and 3 legs....original recipe.
Seriously though, I wish I could bike to work safely. It would be great exercise.
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I started to drive in the 70's gas was $0.57 diesel was $0.42 a gal.
