what was the average price of gas in 1974?

Question

I need to Know, thanks

Answer 1

That was my senior year of High School (Casper, Wyoming), so I remember pretty clearly.
A little history, first: In January 1973, when I first started driving, gas was 26.9 cents/gallon. The big 1973 gas shortage came shortly thereafter and gas rose very quickly to about 65.9 cents / gallon. It stayed in the 65 - 70 cents per gallon range until the second big gas shortage in late 1978 and early 1979.
In answer to your question; approximately 65.9 cents per gallon.

In response to the answer above, the cheapest I can remember gas ever being was 19.9 cents / gallon during a 'price war' in early 1963. I was in first grade at the time.

Added later: I found this response to the same question asked previously on Yahoo. It doesn't say what the source of the info was: 63 cents/gallon
http://www.angelfire.com/mo/LHS1974/LHSfacts.html

Answer 2

Gas Prices In 1974

Answer 3

We could open up the oil fields that are off limits now. We get about 8% of our oil from Saudi Arabia and they have a lot of influence over how much oil will come out of the Middle East and the price for the oil. We could tell the Saudies that as soon as our new wells come in we wont be needing their oil. You would see oil production start to go up and the price go down. But you wont see that happen because the American people are to busy blaming Bush and waiting for the government to do something.

Answer 4

This Site Might Help You.

RE:
what was the average price of gas in 1974?
I need to Know, thanks

Answer 5

in 73 it went to 55 cents a gallon and everyone sold their muscle cars and I believe it went to 60 some cents in 74.

Answer 6

i can't be sure, but according to someone who was in new york at the time, something like 10 cents a gallon..