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  2. 1970s energy crisis - Wikipedia

    en.wikipedia.org/wiki/1970s_energy_crisis

    The 1973 and 1979 energy crisis had caused petroleum prices to peak in 1980 at over US$35 per barrel (US$129 in today's dollars). Following these events slowing industrial economies and stabilization of supply and demand caused prices to begin falling in the 1980s. [26]

  3. A Look Back at the 1970s Energy Crisis - AOL

    www.aol.com/finance/look-back-1970s-energy...

    In the early '70s, gas prices hovered around 36 cents a gallon. By 1980, motorists were paying an average of $1.19 a gallon , or $4.05 in today's dollars. For more informative articles like this ...

  4. 1973–1975 recession - Wikipedia

    en.wikipedia.org/wiki/1973–1975_recession

    Source: Bureau of Economic Analysis The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe, Australia, and New Zealand) during the 1970s, putting an end to the overall post–World War II economic expansion.

  5. Gasoline and diesel usage and pricing - Wikipedia

    en.wikipedia.org/wiki/Gasoline_and_diesel_usage...

    Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]

  6. 1973 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1973_oil_crisis

    This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. West Texas Intermediate oil price history from 1950–2000, adjusted for inflation (1947 prices) In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the ...

  7. Timeline of the history of the United States (1970–1989)

    en.wikipedia.org/wiki/Timeline_of_the_history_of...

    1979 – The Three Mile Island nuclear accident occurs, America's most catastrophic nuclear power plant accident in its history. 1979 – The Iran hostage crisis begins. In the aftermath, a second energy crisis develops, tripling the price of oil and sending U. S. gasoline prices over $1 per gallon for the first time.

  8. Gas Prices for Every Decade Since 1930 - AOL

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

    By 1950, gas prices had jumped to 27 cents, about $3.40 in today’s money. The next two decades were much like the two that preceded the war. Fuel prices held remarkably steady, climbing only to ...

  9. 1980s oil glut - Wikipedia

    en.wikipedia.org/wiki/1980s_oil_glut

    The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).