U.S. Gas Crisis 1973-1974

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Жыл бұрын

In October 1973, an oil crisis began after the Organization of Arab Petroleum Exporting Countries (OAPEC) instituted an oil embargo on the United States. At first the U.S. began to ration oil, which caused long lines at the pump. By March 1974, when the embargo ended, the price of oil had increased by 300%. This was known as the "first oil shock" for the U.S., and the 1979 oil crisis was coined the "second oil shock."
Some analysts have said that the 1973 oil embargo and the 1979 second oil shock influenced policies and the U.S. attitude toward oil consumption over the long term by increasing the importance of energy conservation and the exploration of alternative energy. However, our present-day 2022 prices at the pump and the cost of diesel would argue otherwise.
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@sidneybristow815 Жыл бұрын

January 23, 2020, The Toronto Sun: “America is now the largest producer of natural gas and oil in the world. Its output has increased world supply, dropped prices and hurt America’s oil-exporting enemies.”

@adel19997 Жыл бұрын

Until Biden came to office & destroyed United States

@truelies3690 Жыл бұрын

2023, begging our enemies for oil. And exporting what little we have left. The Carter AKA Mr. Peanuts 1979 oil embargo, energy crises, double digit inflation, interest rates, and unemployment, malaise speech, misery index was bad. But Biden's 2023 economy, double digit inflation, soon to be double digit interest rates and mega unemployment and $6 to $9 a gallon gasoline due to Saudi Arabia, Russia, Iran cutting production and raising our oil imports to $100 and possibly $125! Pain at the pump on its way back soon this summer and beyond. Good luck all with the extremely nightmarish frightening horrible horrific high cost of living in USA TITANIC. No relief in sight no light at the end of the tunnel and no help from lying Biden. All income taxes paid by the working stiffs going to Ukraine Russia war that Ukraine will lose soon in the months ahead. Idiots running this country now.

@matttravers5764 Жыл бұрын

And then the Dems wrecked it all.

@aaronwilliams6989 Жыл бұрын

Fake.

@brynnond.6952 Жыл бұрын

Miss them days

@MitzvosGolem1 Жыл бұрын

They lied to us in school in 1975 told me no gas will be left by 2000. Doing it again now..

@MitzvosGolem1 Жыл бұрын

@*Uncle Joe* more now found than we could ever need. They did that back then to justify raising prices. As now the green deal and pandemic is being used.

@MitzvosGolem1 Жыл бұрын

@*Uncle Joe* I agree. I work for US Dept of Energy nuclear physics science. There is a CO2 sequestration devices which remove CO2 and put it underground and can make bricks out of it . We need to build these globally. We need to get Fusion research ITER project working . We need more Nuclear power Thorium fueled Sodium cooled reactor s also . Big oil coal gas monopoly run the world. Enough!

@fepethepenguin8287 Жыл бұрын

Oil Is Abiotic.. self regeneration. Not from fukin dinosaurs Its as plentiful as water The term Salary came from Rome , soldiers were paid with salt, very vital to life, to preserve food. Ever heard... worth your weight in salt Back then, the masses had no idea where salt came from Same applies Today I hope this helps you to wake up further on your journey. 1

@MitzvosGolem1 Жыл бұрын

@@fepethepenguin8287 who fuks a dinosaur 🦕? A big cave man?

@azz4067 Жыл бұрын

So fly moon 🤣

@scottraymondsr3241 3 ай бұрын

I was too young to drive, but I remember back during the oil crisis, my family was driving back from Florida to New York in two cars, and we would have to swap license plates on the cars from even and odd to get gas to get home.

@michaelmurphy6869 Жыл бұрын

I was 10 when that embargo happened, remember the long gas lines and the "odd and even days" they imposed on drivers it based off the last number on your license plate. Remember waiting in line with my grandfather when he was complaining about the price reaching 50 cents a gallon. He said then he thought the country was "going to hell in a hand basket".

@kellyappel3015 Жыл бұрын

It's all relative. The older generation lamenting on the the state of things is simply a case of reflecting back on younger days and better times. It's perspective.

@cub1009 Жыл бұрын

@@kellyappel3015 At what point, does the younger generation look back and realize things have always been terrible. Growing up in the great recession, covid, and now on the verge of another recession already. Looking back I don't think this generation will say the country is going to hell, it's always been hell and there isn't any fixing it.

@kellyappel3015 Жыл бұрын

@Cub 100 I think that people believe things used to be better is because they were younger and had few worries. In my 20's, I didn't pay attention to the economy or politics or the leadership of a President.

@michaelmurphy6869 Жыл бұрын

@@kellyappel3015 There is allot of truth to that, yes while i didn't pay as much attention to current events as i do now, to a point life appeared to easier, simpler. Still had bills to pay and there were times when you struggled but that has to happen to everyone. It's a part of life. Struggling is what helps you grow so to speak, you learn to better yourself in many different ways, financially, mentally, physically and even spiritually.

@ricklittle4617 Жыл бұрын

Remember that experience also thanks

@jvjdrn Жыл бұрын

We took a trip from San Antonio to Six Flags in Arlington during the gas crisis and had to wait at a gas station overnight to get enough gas to get home.

@maxsmith695 Жыл бұрын

I bought a 1968 Ford Mustang with 16,000 original miles on it, in 2009. It was bought new in 1968, about $2300 I think, and the lady winer was not able to drive it after 6 months. I think she had some type of accident to injury. She kept it in her garage in Cincinnati, Ohio and even taped over the garage window to keep sun off the car. A collector in SC bought it in 1980. His son lived next door and he learned about he car and was given the right to bid on it in 1980. He kept it in his garage until he sold his collection. The tires were dry, the brakes needed to be replaced, along with hoses ,belts, battery, lights, and other items, but the paint, body, chrome, and interior were perfect. Nobody could accept it was original. But a professional painter said it was. So, if cars are kept out of the sun, the paint will last a long time.

@BillySBC Жыл бұрын

It didn't take long for a car to start to look old back then. Some of the cars here are only a few years old and already look dull and rusty. Car bodies have improved greatly in the last 50 years.

@CourtneyLee62 Жыл бұрын

Too bad they look like plastic fischer price toys.

@westelaudio943 Жыл бұрын

Improved for 20 years... Went to crap since then.

@BillySBC Жыл бұрын

@@westelaudio943 You have a very positive outlook, anyone ever tell yuou that?

@mikeadcock1592 Жыл бұрын

It's all in the care you take off anything. I have a 1982 Dodge pickup and a 2978 Dodge Aspen which still look better than some of my friends 5 year old cars with clearcoat already dulling/popping off

@mikeadcock1592 Жыл бұрын

That was meant to be 1978

@junbu8958 Жыл бұрын

The only real difference with our gas troubles, then, and now is that our troubles now were manufactured by our own

@alanstrong55 Жыл бұрын

That big old hoax about an oil shortage hurt the American motorists a good bit. I saw limits of 10 gallons per fill. I just came back a half hour later and bought 10 more gallons. I also drove to another station close by and bought 19 gallons. Deep Rock and Western to my rescue. 😊😊

@kc4cvh Жыл бұрын

Ultimately, it was the Iran-Iraq War that broke the back of OPEC in 1982. The price of oil collapsed and "stagflation" quickly disappeared.

@matthewnelson4298 Жыл бұрын

That's because all that fuel you're getting it coming from Iraq

@jonathonrossebo1783 Жыл бұрын

It wasn't so much of a shortage. More of an embargo.

@tomloft2000 Жыл бұрын

@@kc4cvh Double digit interest rates helped too.

@Bojangles5-2 Жыл бұрын

LOVE the accompanying soundtrack to go with the video! Thank you very much for this slice of history. I was there and saw it all, but not quite of driving age yet.

@markstevens2937 Жыл бұрын

soundtrack?

@victorkreitner754 18 күн бұрын

Love watching the gas station dude directing the traffic with a cigarette in his hand. Not too bright.

@davidjustice5805 Жыл бұрын

I love the old trucks and cars

@mercoid Жыл бұрын

I remember the gas crisis well. I was too young to drive at the time but old enough to remember.

@maryhirsch2909 Жыл бұрын

I remember being in line at midnight to get gas. I was number 7 in line.

@bobpierce115 Жыл бұрын

This was the end of the great post World War II economy that was so wonderful for the average American, permanently. The stagflation that started in late '73 is a nightmare that's never gone away. Despite the social unrest of the '60s and this section of the '70s, economically things had been really great, but yes, this WAS the end; going right into the present.

@alanchilds1456 Жыл бұрын

Part of the reason for that was the dollar was taken off the gold standard

@bobpierce115 Жыл бұрын

@@alanchilds1456 Yes. Just slightly over 2 years earlier, in the Summer of 1971.

@bldontmatter5319 Жыл бұрын

@@alanchilds1456 now our money is worth... Something. Whatever you want it to be worth. Whatever a rich man tells you it's worth.

@fritstorenspits1912 11 ай бұрын

@@alanchilds1456 I own just paper

@steveharvey6421 20 күн бұрын

What at one time the solid and large middle class was what made America the envy of the world. The oil crisis was the beginning of the end of that.

@jimmccune568 Жыл бұрын

Car shows don't really represent what cars really looked like back when they were just cars. The cars look horrible, dirty, banged up bumper cars!

@boristheamerican2938 Жыл бұрын

Yup. Cars rusted out back then and if it was a few years old you just took the check and didnt fix the accident damage.

@guns942 Жыл бұрын

And cars today have plastic everything, most not repairable after accident. Love the classics, I can repair them myself without over priced parts. Both had good and bad points. Do miss the simplicity of those years.

@chriscatarcio2983 Жыл бұрын

They were cheap people beat the shit out of them. And junked them for a valve cover oil leak. Not like today. Mortgage payment cars and race trucks. People gota have.

@mattcarsnmusic Жыл бұрын

Imagine he price of old school lead-body filler or quality bondo work today!? 😟

@jeffreybrianring6392 Жыл бұрын

I got my DL in 1973, there were no gas lines in Salem Oregon then.

@plumcrazypreston2797 Жыл бұрын

I remember the odd/even lines of 1979 in Redwood City, California. I don't recall any 1973 lines in Novato, California.

@jeromebreeding3302 Жыл бұрын

My Harley Sportster at fifty mpg. got me through the crisis.

@johnp139 2 ай бұрын

My Civic gets 40 mpg.

@chrishensley6745 28 күн бұрын

@@johnp139 But it is a Honda.

@theconfusedphilosopher4724 5 ай бұрын

Seeing the size of these cars and hearing drivers complain about gas prices makes me think there was some type of cognitive dissonance in the population.

@bulldozer99 Жыл бұрын

And even back then our United States of America could have been energy independent instead of being dependent on foreign crude oil folks 😎

@esamali4003 Жыл бұрын

What is the cause of the oil crisis at that time? Is it Arab oil?

@America1st69 Жыл бұрын

But of course we have over 200 years of oil in this country.

@America1st69 Жыл бұрын

@@esamali4003damn Joe Biden

@esamali4003 Жыл бұрын

@@America1st69 Are you suffering from the oil crisis in the United States these days?

@skeeterfan3626 Жыл бұрын

@@America1st69 Didn't know Biden was prez in '73.

@sidneybristow815 Жыл бұрын

I can’t slow down, I’m always late.

@hemihead001 Жыл бұрын

Leave earlier .

@LordOfTheThreeWorlds Ай бұрын

This is the real deal - I remember in Long Island we had odd and even days to buy gas which was determined by the last digit on your license plate.

@mjg263 Жыл бұрын

Man, some of those cars in Hawaii back then were really clapped up! I don’t think you could’ve gotten away with driving crap like that around here in the Tri-State area, you’d get pulled over as soon as you pulled out onto the street. A couple of them looked like they rolled over.

@cub1009 Жыл бұрын

The average age of a car in 1973 was about 7 years old. That means a car from 1966 was on the older used end for an automobile at the time. If you were driving something that was from 1959 that would have been considered an old clunker. Now the average is 12.2 years old. Now an older used car is from 2010 or 2011, while an older clunker would be something from 1999. It's all about perspective. Automobile in general last longer, and hold up better during their lifetime. Getting 100k miles out of car back in 1973 would have been considered good. Going back to 1973 the average miles driven was probably less than 10,000 a year. Today it's closer to 13,000 miles per year. Getting a car to last 200,000 or more today is considered good. The average age of cars has continued to creep up over the years, but I feel quality has suffered in some of the newest automobiles due to covid. I think in about 10 years the average age of cars will decline. The golden age of reliable cars will go down between 2000 and 2020. Electric vehicles might change that due to the simplicity, but the batteries will need to hold up.

@mjg263 Жыл бұрын

@@cub1009 no, I don’t mean they’re particularly old, I mean most of them look like they’ve been involved in serious accidents, rollovers, have headlights missing, broken windshields etc. If you tried driving something like that around here even back in ‘73 you’d get slapped with a failure to maintain motor vehicle ticket so fast. You’d also never pass inspection (which back then was very comprehensive and strict, unlike now where all they do is see if your check engine light has been triggered and any codes stored in the ECM). BTW my “good” newest car is a 2004, my truck is a 2000 and my Buick convertible is a 1972. Just before the first gas crisis in ‘73 my dad had a nice new economical VW Super Beetle. He decided he didn’t like it and sold it on, two weeks later the gas crisis hit and you couldn’t find one anywhere if you tried. Plenty of good used 442’s, GTO’s and Mustangs as well as big gas guzzlers (we used to call them Lead Sleds), but fuel efficient economical cars were very hard to come by. Poor dad was stuck driving our gas guzzling station wagon!

@dougfisher1813 Жыл бұрын

@@cub1009 I'm still driving a 1973 in 2023. Doing my part to lengthen the average age.

@cub1009 Жыл бұрын

@@dougfisher1813 That's awesome to keep such an old vehicle on the road!

@bldontmatter5319 Жыл бұрын

@@cub1009 5% of old iron is on the road (pre-1970) and that's 100% more than the amount of modern cars that will be on the road in 50 years

@AFloridaSon Жыл бұрын

I could barely ride my go-kart during that time, so don't think it wasn't effecting kids. 😆

@maxsmith695 Жыл бұрын

Gas was about $.68 in 1974 and was $1.78 in 1977. I was paying for my own gas in my 1955 Ford. Minimum wage was $2.00 or close to that. You recall those thing when you are paying for it. My 1955 Ford got between 9.5 and 10.5 MPG. It was a big improvement when I bought a 1968 Mustang and got about 15 MPG. I never heard any gripes about the prices. Good paying jobs were in abundance and with no cable bills, cell phones or computers, people had money to spend.

@bldontmatter5319 Жыл бұрын

Exactly. Jobs were paying more relative to inflation. You used to be able to buy a car on a yearly salary, because they were about equal. Now you can expect to buy a car in 5-10 years... When it's all beat up.

@SuperVexxy 10 ай бұрын

@@bldontmatter5319 In 1993 i visit Los Angeles - a Gall cost around 99 cent up to 1.02 Dollar i remember. Greetings from Western Berlin. Today here 1.90 Euro / Liter.

@johnp139 2 ай бұрын

@@bldontmatter5319wrong😊

@mckessa17 Жыл бұрын

I remember this, we could not get gas to feed our V8 engines.

@rockme1492 Жыл бұрын

Most of cars 8 cilinders

@trevoraldrinmatanjun8624 Жыл бұрын

People in this Video already become Grandpa , Grandma age 70s - 80s year old.

@michaelvandyke6715 Жыл бұрын

Glad I was in the Army overseas when this was going on, I missed it all....

@MrCouchmen Жыл бұрын

We,re you in Vietnam??

@bbgcars 9 ай бұрын

CARS OF INTEREST BACK BY POPULAR DEMAND!..This time I included the foreign cars. @:07 1974 Chevrolet Nova @:07 1971-72 Chevrolet Camaro RS, possibly SS/RS @:11 1966 Ford Mustang coming up to right of Camaro in Bronzo @:22 1965-66 Chevrolet Impala convertible with a different colored door @:52 1963-64 Pontiac Catalina in Brown @:59 1972 For Pinto @1:06 1966-67 Plymouth Valiant right next to the Pinto @1:13 1968 Pontiac LeMans @1:19 1972 Toyota Pickup (background) @1:19 1970 Toyota Corolla wagon @1:30 1967 Plymouth Valiant better view @1:38 1973-74 Mazda Capella(back ground) (i hope i'm right correct me if i'm wrong) took me forever to find this one as SHES A RARE BIRD!! @1:38 1973 Plymouth Duster, (you can plainly see the Road Runner Logo on the side) (foreground) @1:50 1974 Chevrolet Nova again @1:57 1966-69 Volkswagen Beetle @1:57 1974 Plymouth Valiant next to VW Beetle @3:07 1972 AMC Javelin SST With a Super Rare HIGH IMPACT GO PACKAGE Interior in Orange/Black combination OHH BABY! I have a 1971 Javelin AMX 360 so I know these cars!..Not sure if this beauty is a 360 4BBL or a 401 4BBL @3:35 1967 Chevrolet Impala SS getting a fillup @3:38 1967-68 Plymouth Fury II @3:42 1972 Kombi Wagon in RED/WHITE tu tone @3:47 1968 Oldsmobile Ninety Eight , probably with a 350 HP 455 4BBl @4:00 1971 VW Beetle in beige @4:18 1971 Pontiac Formula Firebird 400 with functional forward facing scoops and ram air! 400 badges can clearly be seen @4:24 @4:42 1973 Datsun Pickup truck @4:43 1972 Mercury Montego MX Brougham @4:48 1965 Mercury Comet wagon? @4:53 1973 Chevrolet Nova @4:56 1969 Volkswagen squareback @5:01 1972 AMC Hornet @5:22 1963 Chevrolet Biscayne?? @6:03 1963 Mercury caliente @6:10 1966-67 Mustang, next to it is a 1967 Lemans and a 1972-73 Mercury cougar, white car next to it..unknown? @6:57 1969 Volkswagen squareback @7:11 1967 Camaro convertible with probably a 283 or 327 v8 @7:20 1968 Pontiac parisienne @8:11 1969 Mustang Mach 1!! WOW @8:29 1969 Yamaha RD 250 2 stroke twin!! YES IM INTO BIKES TOO! (he needs to mix his gas before he takes off with 2T oil! lolz ENJOY FRIENDS!!

@maniacjack3700 Ай бұрын

@8:11 Definitely a 1970 Mustang!!

@kresimirsimunovic5333 Ай бұрын

5:48 Peugeot 504.

@budmcneely1571 Жыл бұрын

It took me five days to hitch hike from San Francisco to Vancouver Canada in midst of that terrible "U.S. Gas Crisis". took three days to get first 150 mile north of San Francisco on 101. Took bus home finally, overcrowded all way to Canadian border. Ended up five days to go about a thousand miles. it sure was real. US people i got rides with were mostly real fine people and generally the USA handled the shortage of oil with pretty good nature from my pov. saw some real long line ups at gas station in California.

@thejudgefrom69 Жыл бұрын

Love how you see these cars like a Nova, which gets like 6 MPG.. a time that definitely ended the muscle car era.

@billmago7991 Жыл бұрын

Maybe....now the 70s muscle cars sell for millions......I wonder how many dudes sold their Hemi Cuda for $500 back then😅😅

@boristheamerican2938 Жыл бұрын

My moms nova got around 20 in the city with a 6 banger. Novas werent muscle cars.

@collegeman1988 Жыл бұрын

Nova-translated into Spanish is no va. It doesn’t go.

@boristheamerican2938 Жыл бұрын

@Steven g No at best that is a pony car. A pony car is a compact, muscle cars are midsize.

@chriscatarcio2983 Жыл бұрын

I never had a chevy.that got 6 mpg. W.t.f. not even a 70 Monty with a 350 350. With 4.11 gears. People exaggerat everything.

@jamesstuart3346 Жыл бұрын

Up here in the Great White North, Regular went from 39 cents/gallon to 99 cents overnight. No rationing or lineups

@TSUTENKAKU007 Жыл бұрын

Back these days U.S. was lacking initiative to manufacture much more gas efficient vehicles and complaisant. Just look at these vehicles in this presentations, I would say 95% of them are perhaps big block V8 engine cars guzzling gas like there is no tomorrow which perhaps gets only 12 miles to the gallon. I see just few Toyota Corona or Datsun pick up besides few VWs. And now some of these gas guzzling U.S. made vehicles can cost over $50,000 dollars, which is more than 10 times the cost from 1973 or 74 and some people are still buying them today. Now gallon of gas is over $4.00 in many cities, some are less and some are way more. They need to make 100 miles to a gallon vehicles to keep up with inflation of paying high gas price.

@circletech7745 2 ай бұрын

The only way you’re getting 100MPG is on a 150cc 4-stroke scooter.

@ManiaMusicChannel Жыл бұрын

Well he was right, the gas and go came to stay in the US

@bvona9006 Жыл бұрын

Peugeot 504 @ 5:52 - that´s an unusal sight.

@emmanuelpapi Жыл бұрын

The malaise era had some of the nicest cars change my mind.

@henrystowe6217 Жыл бұрын

The vehicle mix during the malaise era was the best. The cars weren't good

@alancrisp1582 Жыл бұрын

🤔In my country the average price for a litre of 95 ⛽ petrol, to run my classic collection of V8 cars,is around 3 New Zealand dollars 💵. Of this our greedy government steals 164 cents in taxes......

@alancrisp1582 Жыл бұрын

@*Uncle Joe* 😀Thanks for your comment. Yes the oil 🛢 companies are ripping the poor motorists off big time. But so too are just as greedy governments, with so much extra added taxes on top.I think in years to come, it will only get worse...

@fepethepenguin8287 Жыл бұрын

Yup. And that's only the tip of the @#$% I mean ice berg up our asses Look at old cathedrals or pyramids or possibly even your own old Town city hall building Stuff from the "1800s" Tell me those people who built that, had the oppression we do.. some of these dome roofs are SOLID GOLD we have devolved And there is a Cancer that has infected good hard working intelligent humans. Greed does not even begin to describe it

@johnp139 2 ай бұрын

Nothing is free

@richardmorris6365 Жыл бұрын

I turn16 in 73 & remember the lines, folks would turn off their car & push it up to the pumps.

@robertpapalia Жыл бұрын

The good old days?

@BillySBC Жыл бұрын

Music-wise, yes.

@henrystowe6217 Жыл бұрын

No.

@chriscatarcio2983 Жыл бұрын

Car wise HELL YES. TODAYScars are GARBAGE.

@robertpapalia Жыл бұрын

@@chriscatarcio2983 Yes the metal is not there any more.

@donguess4332 Жыл бұрын

YES, Fantastic times indeed. I love the 60s and 70s. What a great time for so many things.

@AMCmachine Жыл бұрын

'72 Javelin at 3:02! 😄

@PierrePinson-gf5xt Жыл бұрын

01:54 Lucky he is. They bought a vw bug.

@davidclark8879 Жыл бұрын

At that time venders would walk along the road of cars and sell sodas ,hotdogs even cold beer! Hey it was 50 years ago.

@404notfound..... Жыл бұрын

I wanna get my 73 Ford Galaxy 500 and go back in time! 😁

@harryjohnson8605 Жыл бұрын

The beginning of the end

@roymarksberry4152 Жыл бұрын

Look out junkie the cars were back then

@happyfreeliferc Жыл бұрын

I bet most can't connect the dots in why this happened . In 1973 what occurred ?

@bldontmatter5319 Жыл бұрын

The dollar was taken off the gold standard

@alanchilds1456 Жыл бұрын

Is yah a javelin I see

@bobsayre7013 Жыл бұрын

I was driving a truck and trailer and all I can say is that the bulk plants for full and you were ships waiting out in the channel and that was in Portland Oregon I can't believe people really believe this I never paid for I guess I got mine for free

@joe.dirtty Ай бұрын

jimmy carter........

@jimbutler9076 Жыл бұрын

I was there getting watered down gas at Mardie gras 1975 for my 1969 340-s barracuda

@mckessa17 Жыл бұрын

What is watered down gas

@bldontmatter5319 Жыл бұрын

@@mckessa17 ethanol / blended fuels / tons of cheap additives with no real cleaning additives and oils

@PierrePinson-gf5xt Жыл бұрын

😃06:19👨💭 Fortunately, i bought a froggy 504 Peugeot👍.

@abramsalinas1004 Жыл бұрын

The gold was no more

@dancingtrout6719 Жыл бұрын

King Rulez*******

@KJApexxmedia5511 Жыл бұрын

Imagine what people then would say if they pulled up with 7$ a gallon nowadays.....

@TheManormen Жыл бұрын

Where is gas 7.00 ? I paid 2.87 today in Texas

@KJApexxmedia5511 Жыл бұрын

@@TheManormen your in bush town....

@bldontmatter5319 Жыл бұрын

@@TheManormen yeah, in a republican town that understands real people can't afford high prices

@Jake-rs9nq 8 ай бұрын

@@bldontmatter5319 Local politicans don't control gas prices. Hell, not even the POTUS does. It's an international market, the US is the largest oil producer in the world, but that doesn't mean they get to control gas prices. There are refining costs, overseas bids for US oil, imports for different crude blends, transportation costs, OPEC price controls, and much more.

@billycloudy9078 2 ай бұрын

@@Jake-rs9nqshhh! You’re destroying the Magats talking point! Because their orange antichrist is telling them it’s all big bad uncle Joey‘s fault! And it doesn’t have anything to do with Saudi Arabia and Russia cutting oil production so they can screw with the international market to keep the price high for you know who so HE can get back into his dictatorship role in January!! So 🤫 🤨

@chriscatarcio2983 Жыл бұрын

Soon as it went to a dollar a gallon we had all the gas we need. Total snow job.

@MarkTurner-vs7uc Жыл бұрын

It wasn't so bad everywhere, very small price to pay to have freedom, good jobs for everyone, the greatest music ever made, safe neiborhoods , I would go back so fast ,and never leave. GOD I MISS AMERICA !

@paullacey2999 Жыл бұрын

In the UK a tank of fuel is now a mortgauge payment...robbing swines😡😡😡

@KingRoseArchives Жыл бұрын

Thank you for sharing! Hopefully the high prices will come to an end soon.

@adel19997 Жыл бұрын

Who did you voted for? Same people

@ambivalentonion2620 Жыл бұрын

@@adel19997 do you really think there's a choice lol, in the uk there's no discernable difference between the parties, even in the US you guys have a much larger difference

@panatypical Жыл бұрын

I never liked gas stations anyway where they had to pump it for you, let alone having somebody check my oil and wash my windows. The end of the gas and go station really isn't an issue as far as I'm concerned. I remember the rationing though and it was miserable. What would be even worse would be if no gas stations were open, like some of these dummies suggest. Just because they have some money saved up they want to shut down. Then you know they want to open up as soon as they ran out of money, even if the government wasn't supposedly "coming with the gas."

@conrad4667 Ай бұрын

I didn’t realize that the government placed price caps on gasoline. It could only add to the problem leading to rationing.

@Boris_Chang Жыл бұрын

This was when we should have immediately started working diligently toward alternate energy sources and EVs. Unfortunately, the oil and gas industry had so many in the government in their pockets.

@bldontmatter5319 Жыл бұрын

We don't even have a strong chance for EVs now, let alone 50 years ago. Put your brain back in kid

@Jake-rs9nq 8 ай бұрын

@@bldontmatter5319 Your options are EVs or $250 to fill up your car in 20 years. Your choice.

@johnp139 2 ай бұрын

@@Jake-rs9nq$250 either way.

@shoutingATclouds-btw 11 ай бұрын

There never was a shortage of gasoline. Texas could easily make enough for the United States. The politicians sacrificed Americans' well-being by doing whatever Israel said. .The OPEC embargo was pretty similar to the sanctions put on the United States recently pretending everyone was in danger from the flu. Currently Texas is the most oil rich areas in the world especially since recent Frac'ing.

@Jake-rs9nq 8 ай бұрын

Texas was incapable of making enough for the US at that time. Conventional oil production had peaked in 1970, that's what caused the US dependence on the Middle East. Texas' most lucrative and productive wells had peaked, simple as that. This dependence would increase until fracking technology became more advanced and cheaper to use, which was about 10-15 years ago. Today, Texas has lost 75% of their conventional oil production, and they are running on fracking. The fracking in Texas is a band-aid solution, since fracking wells see peak production within 4 years, instead of 40 like a conventional well. Fracking will continue to grow in Texas for a few more years, but it will enter a terminal and irrevocable decline by 2030. Texas produces 1.5 billion barrels per year, and only has 18.6 billion barrels of proven reserves. That is a little over 10 years. Even quadroupling that figure would see Texas run dry within our lifetimes. There are some alternatives for the US, such as coal gasification. But these would send the price of oil to the moon. We are running out of cheap oil, our conventional oil is all but gone.

@JamesWilson-sb9iq Жыл бұрын

Carter 2024!!!

@mrhighway Жыл бұрын

Carter wasn't president in 1972. Carter got in 1977.

@mrhighway Жыл бұрын

Richard Nixon wae president

@chriscatarcio2983 Жыл бұрын

Bidan and Obama are just as bad. They need to go.

@PierrePinson-gf5xt Жыл бұрын

06:58 👨💭 i don't care. I bought an European car.

@henrystowe6217 Жыл бұрын

Those were terrible days. I like the girl that said going 50 is stupid.

@donguess4332 Жыл бұрын

Only if you were a terrible miserable negative person.

@Dieselpwr Жыл бұрын

It’s on its way again

@johnp139 2 ай бұрын

How so?

@Dieselpwr 2 ай бұрын

Bank Bail outs inflation take your pick look it up on your own

@meldaghost Жыл бұрын

Back then service. Station. Gas station we had service guy put gas in our cars.washed windows. All this is when they did change over that we.had to pump our.own gas... This what this is showing.. At first we liked it. Then we wish it went back to service guy.. .... People still had one car per family..

@utuBrV1oI Жыл бұрын

I bet TODAY'S stubborn drivers would not slow down at all today, to conserve gas even if there were gas lines again. & imagine how long TODAY'S lines would be with 5x's more cars on the road, & 5x's less stations & too short hoses to reach car filler from either side of the pump. & limited when & how much you could buy! Even worse, if gas lines happen in the future, there are so few small cars left! & who can afford a new electric car? Ck owners manuals - many say optimum speed is 50 mph!

@fognua Жыл бұрын

So I have actually talked to people who worked in oil business during this time and everyone knew it the oil companies were having to create this shortage so they can still make money with the price cap. Oil is abundant no reason to stop producing it or conserving everyone in the business knows it is unlimited. I’m fine with other energy sources but let the people choose. Let there be a true market of energy without government trying to kill one energy type.

@patrickderp1044 Жыл бұрын

after learning about the allam cycle i am alll in on natural gas for green energy

@eddiekulp1241 Ай бұрын

Letting Arabs blackmail us was the problem

@garylivingston9052 Жыл бұрын

look at all those gas sucking inefficient cars..Lol

@chriscatarcio2983 Жыл бұрын

What like my 79 MONZA. 33highway Your full of it.

@mattcarsnmusic Жыл бұрын

My 1968 Ford Falcon gets about 23 on the Highway and 18 around town, Straight 6/Automatic , classics for life! 😂

@johnp139 2 ай бұрын

@@chriscatarcio2983”your”??? IDIOT!!!

@andrerodriguez7603 8 күн бұрын

I vowed back than in the 70’s, when a new type of energy for cars is invented, I’ll be first in line to buy that vehicle. I own a Tesla today, giving the middle finger to gas stations as I drive on by. Sure, I still need to pay for energy. But I’d rather give my money to my city municipality, and not the Middle East.

@kc4cvh Жыл бұрын

I remember sitting in the Opel Kadett with my father in a gas line and we considered what a wonderful thing it would be to have an electric car. A half-century later, this has come to pass. The combination of electric economy, performance and reliability has me saying, "Good-bye, petroleum! It was bad to know you!"

@Jepson07 Жыл бұрын

electric car🤮🤮🤮

@brynnond.6952 Жыл бұрын

I’d rather not wait to have my car charge while I can fill up and be gone with 300 miles in the tank in less than 10 minutes

@Vickvineager Жыл бұрын

Goodbye petroleum? You do realize what charges your “environmental friendly” electric car is either NG, nuclear or coal. But keep thinking what you’re doing is best for the planet…

@raymondkunkel9615 Жыл бұрын

Tree hugger

@westelaudio943 Жыл бұрын

"Reliability" haha wait 10yrs bro...