Reply #14: Compared to today's value of the Dollar prices from the '70s appear less [View All]

[Left_Winger]

But when the first oil crisis occurred the price nearly doubled where I lived: 30-35 cents per gallon to 50-60 cents per gallon. So, comparatively speaking, yes it did cost a lot. Luckily I had a VW Beetle.

By 1979 the prices in my town were about $1.35.

Rationing took place, but I do not recall restricting the amount one could buy; the rationing took place in the form of when one could buy gas: if the last number of your license plate ended with an even number, you could only buy gas on an even numbered day. The same for odd numbered plates.

Lastly, the "shortage" was caused by an embargo by OPEC against the industrialized countries in order to increase the price of oil and to force our recognition of our dependence on their oil.