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Gasoline prices at record highs recall World War II appropriations, 1970s oil shock


Gasoline prices at record highs recall World War II appropriations, 1970s oil shock

  • Americans will continue to pay escalating gas prices as the US targets the Russian economy by banning oil imports.
  • Today’s prices remind many Americans of the ‘oil shock’ of the 1970s when crude oil prices surged.
  • But unlike the ’70s, there’s a bigger push today – and likely happening – for a renewable future, one expert says.

At the age of 14, Betty Heuser used to stand in line to get a ticket to share gasoline rations for her father during World War II.

“It’s a pain in You couldn’t go anywhere but get back to work because there wasn’t enough gas, Heuser recalls.

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