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Odd–even rationing allowed vehicles with license plates having an odd number as the last digit (or a vanity license plate) to buy gas only on odd-numbered days of the month, while others could buy only on even-numbered days. [160]
Motorists with even-numbered licenses line up for gasoline on an even-numbered day, Portland, OR, 1973. The efficacy of odd–even rationing is debated. For gasoline, it does not actually reduce consumption much, since people prevented from filling up one day will just fill up the day before or the day after; the total number of people in line ...
Rationing policies were enacted in response to both the 1973 Oil Crisis and 1979 Oil Crisis and policies varied by states. In California, even-odd rationing systems were created which alternated which day even and odd numbered license plates could get gas. [24]
Motorists in this area began feeling the energy crunch pinch in late February 1974 – just in time for the national 55 mph speed limit.
One such proponent was Harry Hughes, Governor of Maryland, who proposed odd-even rationing (only people with an odd-numbered license plate could purchase gas on an odd-numbered day), as was used during the 1973 Oil Crisis. Several states implemented odd-even gas rationing, including California, Pennsylvania, New York, New Jersey, Oregon, and ...
The 1973–1974 stock market crash made the recession evident. According to the National Bureau of Economic Research, the U.S. economy slid into a recession during the period of 1973-75. [34] Inflation levels remained high even when an economic expansion took place afterwards.
Keep reading to learn the cost of gas the year you were born. Everett / Shutterstock.com. 1929. ... 1973. Price of a gallon of gas: $0.39. In 2022 dollars: $2.54. VanderWolf Images / Shutterstock.com.
The United States introduced odd–even rationing for fuels during the crisis, which allowed only vehicles with even-numbered numberplates to fill up on gas one day and odd-numbered ones on another. [36] Poland enacted rationing in 1981 to cope with economic crisis. The rationing system initially encompassed most of the population's daily ...