I was paying $.13 a gallon when I was in high School and I had our own tanks in my business and until 1974 we were paying $.29/gallon.
The ‘crisis” in 74 was caused by an article in the L.A. Times that got everyone to run to the gas station and fill their tanks which emptied the station tanks,.
Everyone in the country that was getting bulk delivery gasoline had been on rationing since 1972 so when the stations went empty they couldn't buy any more until the next month.
THERE WAS NEVER ANY SHORTAGE!!!
Dale, I have seen you on this board forever. I don’t recall saying much to you. I respect a man that has afforded his opportunities and did well. Some folks don’t understand many things. An Oil Boom in America isn’t equating to the price at the pump.
Thanks for any input you may have.
BTW, my grandfather told me of wheat sent to sea only to be sunk. Our World is owned by satan and driven by the Father.
I was fresh out of the Army in 1974 and at Brown and Root in Texas, some the ex oil field guys were saying that the oil companies were capping off good wells to take them off line.