In the 1970s Long Lines at Gas Stations
Although the global oil supply only decreased by approximately four percent the oil markets reaction raised the price of crude oil drastically over the next 12 months more than doubling it to 3950 per barrel. LONDON Long lines at gas stations rising fuel prices empty shelves in supermarkets and worries about runaway inflation. Early 1970 S Petrol Station Petrol Station Old Gas Stations Gas Station Britons have emerged. . Ultimately the consumer is affected because fewer stations have gas when retailer hold off on refueling or just dont sell gas creating lines. Oil crisis began Atlantic author Steward Udall issued a warning predicting a looming fuel shortage. Government maintained a price ceiling on gasoline. OPEC raised the price of crude oil in world markets. Leffler US News World Report Magazine Collection June 15 1979. In the 1970s long lines at gas stations in the United States were primarily a result of the fact that....