why in the 1970's was gas prices 75 cents per gallon and now the price is 275 cents per gallon?

Answer 1

In 1970 gas was $0.28 to $0.32 per gal. and houses were $28,000. You could buy a VW for $1900. You could fill the back of a station wagon with a month worth of food for $50 and minimum wage was $0.90 per hour and your total taxes were 60% less. You could walk into a doctors office and get fixed for $25. And to that other guy, its not the Jews its the Saudis, you know 17 out of the 20 behind 9/11, the 1973 oil embargo clowns, master minds of OPEC, best friends of G.W.B.

Answer 2

Gas Prices In 1970 Per Gallon

Answer 3

In my area it is around $2.70 depending... I managed a gas station in the early 70's... i remember prices under 40 cents a gallon.... then the embargo deal and rationing.. with inflation i would not be bitcjhing about anything less than $4 a gallon in 2007...

Answer 4

Just something I think people should know:

When the automobiles were first introduced, they were considered to be the miracle answer. Horses crowded the street and equestrian fecal matter (horse crap) littered the streets, this made for very poor conditions around roadways and many horses became ill from standing in this and died.

back then, when the automibile was praised as being the wonder cure for the problem, gas was 18 cents a gallon. Adjusted for inflation to todays standards....18 cents then is about $4.00 now.

Something to think about.

Answer 5

that was during the first gas crisis,people actually thought we was running out of gas then,i remember setting in lines to get gas,that's when the price raising started,when i first started driving in 69 gas was only 29 cents a gallon,and that would go a long way,were paying more now because of the price of everything else around us,that and greed,we,ll never see it below 2 bucks a gallon again,your paying more than we are ours is only 2.56 right now,which isn't too bad,good luck.

Answer 6

Reaganomics, remember? There are always criminal conspiracies running amuck in this country. The amount of money you pay in taxes per gallon of gasoline exceeds what a gallon of gasoline cost in my lifetime. And who gets the money? Teachers and other public employees who have nothing to do with road repairs and construction.

The defintion of Reagonomics is simply this:

The rich are not rich enough and the poor are not poor enough.

You're expendable meat unless you have connections with the conspirators. Then you "earn" your $5.15 an hour but they add an additonal $50K-200K of corporate welfare to your pay check just because you're such a great guy.

Good Luck!

Answer 7

Inflation. People made a lot less money in the 1970's. most everything was a lot cheaper back then, but people made a lot less and there are a lot of things now that didn't exist in the 1970's.

Answer 8

Gas was even cheaper than that in the 70s. Before gas jumped to around a dollar in the late 70s it was around 25-35 cents per gallon.

You only have to go back to 2000 to find gas prices around a dollar in many parts of the US.

This is, strangely enough, right before Bush came into office and brought all of his oil industry buddies to Washington.

You'd think since they are getting monstrously rich off of oil money that they would not need to also start a war in order to steal money that way too, but this administration takes greed to epic proportions.

Answer 9

Back in the `70`s tax per gallon was .014, now depending on were you live it`s .080.
But more than anything the oil companies have us by the -----.
We as a country need to conserve fuel by making our vehicles as efficient as possible. Cut down on IDLE TIME, M.P.G. doesn`t matter while your car idles, not moving.
Summertime Warm Up= 1 min. Wintertime= 5min.

Answer 10

For the same reason the dollar is worth half of what it was back then. A buck was a buck. Now a bucks worth .30 cents.