60 Nostalgic Photos of the Good Old Days
'70s Gas was Cheap
It’s true. Gas prices were once that low. In fact, people got upset with the prices crept close to the one dollar mark. During the 1970s, however, two events took place that made Americans rethink their dependency on foreign oil. The first was the 1973 oil crisis during the OPEC oil embargo. During the embargo, oil prices rose from $3 a barrel to $12 a barrel. The second event was the 1979 oil crisis, caused by a reduction in oil output following the Iranian Revolution.
Tags: Vintage Photo Galleries
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