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  2. Gas Prices: The Cost of Gas the Year You Were Born - AOL

    www.aol.com/finance/gas-prices-cost-gas-were...

    Keep reading to learn the cost of gas the year you were born. Everett / Shutterstock.com. 1929. ... 1978. Price of a gallon of gas: $0.63. In 2022 dollars: $2.78. René / Wikimedia Commons.

  3. This Was the Cost of Gas the Year You Were Born - AOL

    www.aol.com/finance/cost-gas-were-born-230000763...

    The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way. ... 1978. Price per gallon: 63 cents. Adjusted for inflation: $3.03.

  4. Natural Gas Policy Act of 1978 - Wikipedia

    en.wikipedia.org/wiki/Natural_Gas_Policy_Act_of_1978

    The Natural Gas Policy Act of 1978 (NGPA) is federal legislation that had been enacted as a response to US natural gas shortages of 1976–77. It was enacted for the following motivations: To create a balance between natural gas supply and demand, Create a national gas market, and; Transition to market-based prices. The NGPA:

  5. Natural gas prices - Wikipedia

    en.wikipedia.org/wiki/Natural_gas_prices

    Gas flares were common sights in oilfields and at refineries. U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.

  6. 1979 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1979_oil_crisis

    The average vehicle of the time consumed between two and three liters (about 0.5–0.8 gallons) of gasoline an hour while idling, and it was estimated that Americans wasted up to 150,000 barrels (24,000 m 3) of oil per day idling their engines in the lines at gas stations. [14] Gas coupon printed but not issued during the 1979 energy crisis

  7. Gas Prices for Every Decade Since 1930 - AOL

    www.aol.com/finance/gas-prices-every-decade...

    Gas prices are finally starting to fall back down to earth in much of the country. According to AAA, the national average is down to $4.189 per gallon as of Aug. 2. Fuel costs started to climb ...

  8. 1970s energy crisis - Wikipedia

    en.wikipedia.org/wiki/1970s_energy_crisis

    Oil prices generally increased throughout the decade; between 1978 and 1980 the price of West Texas Intermediate crude oil increased 250 percent. [50] Although all states felt the effects of the stock market crash and related national economic problems, the economic benefits of increased oil revenue in the Oil Patch states generally offset much ...

  9. What Was the Highest Gas Price in US History? - AOL

    www.aol.com/finance/highest-gas-price-us-history...

    American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year -- up from $1.221 in 1980 and more than double the price just three years earlier....