Anonymous ID: d82486 Sept. 27, 2026, 8:31 p.m. No.25083550   🗄️.is 🔗kun

>>25083532

> gas prices

  1. The 1973 Arab Oil Embargo

The Cause: During the Yom Kippur War, Arab members of OPEC (Organization of the Petroleum Exporting Countries) placed an oil embargo on the United States and other nations that supported Israel.

The Impact: Crude oil prices quadrupled from about $3 per barrel to nearly $12. U.S. gasoline prices jumped significantly at the pump, causing severe shortages, panic buying, and long lines.

  1. The 1979 Iranian Revolution

The Cause: Political turmoil and the overthrow of the Shah in Iran disrupted one of the world's major oil-producing nations, cutting global supply and sparking widespread panic.

The Impact: Crude oil prices more than doubled from roughly $14 to $30 a barrel. Gasoline prices in the U.S. climbed from an average of about 63 cents to over $1.19 per gallon by 1980, triggering another round of gas station lines and odd-even rationing