what is your take on the insane price of gas

**Douglas** · 06-15-2008 05:20 PM

Originally Posted by Canvasback

I've been riding my motorcycle alot. Shame on us for not learning something from the gas crisis during the 70's. Whats even more disturbing for me is my heating oil bill. I just got notified the budget payment went from $137 per month to $378.

What was the gas crisis like during the 70's, and did we ever recover from it?

**CFH** · 06-15-2008 05:26 PM

Originally Posted by Clubber

Originally Posted by Canvasback

I've been riding my motorcycle alot. Shame on us for not learning something from the gas crisis during the 70's. Whats even more disturbing for me is my heating oil bill. I just got notified the budget payment went from $137 per month to $378.

What was the gas crisis like during the 70's, and did we ever recover from it?

It contributed to the election of Reagan. So no.

**Canvasback** · 06-15-2008 06:00 PM

Originally Posted by Clubber

Originally Posted by Canvasback

I've been riding my motorcycle alot. Shame on us for not learning something from the gas crisis during the 70's. Whats even more disturbing for me is my heating oil bill. I just got notified the budget payment went from $137 per month to $378.

What was the gas crisis like during the 70's, and did we ever recover from it?

What happened was the price went up and the supply went down (I believe due to an oil embargo) so there were lines at gas stations. I was in college at the time (commuting to Boston) and I had to get up at like 5 a.m. to get in line so I could get gas. I know this sounds funny, but the price per gallon went from like 33 cents to 75 cents (imagine that!). There was a big push for more energy efficient vehicles and petroleum alternatives like gasahol (doesn't this all sound familiar?). Anyway, once the supply increased it seemed like all the energy saving ideas just went away. We were back to big gas guzzling cars and nobody seemed to care that gas was more expensive as long as they didn't have to wait in line for it. Now everyone is scrambling to do what should have been done over the past 30 plus years. Also, the politicians, oil companies and car manufacturers should share some blame in all of this as well as the consumers, especially we Americans.