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In 1973 gas was $0.39 per gallon. In 1974 it was $0.53 per gallon, a 36% increase, due to the oil embargo.

Of course, the median family income was $11,200 / year, or about $5.60 / hour.
The US average in 1973 was $0.36 cents per gallon. That would be about $1.90 per gallon in today's dollars (2014).
The US average in 1973 was 36 cents per gallon. That would be about $1.90 per gallon in today's dollars (2014).

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11y ago

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