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Amoco, 1940s

History: Gas Prices in USA Increases to $1

Amoco, 1940s

History: Gas Prices in USA Increases to $1
In 1979, OPEC’s sharp rise in prices and oil production caused a continuous increase in the price of gas in the United States, mostly due to the ongoing crisis in Iran. In just 12 months the price of gas rose from just 63 cents at the end of 1978 to over $1.00 per gallon.

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